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Maritime services provider Inchcape Shipping Services announced a strike scheduled at the Port of Necochea, Argentina for July 10, July 16 and July 17 has been lifted and suspended for 15 days.
Customs workers at the Port of Necochea in Argentina said they would hold a pay-related strike July 10, July 16 and July 17.
Spot rates as measured by the Shanghai Containerized Freight Index fell 10.7 percent after spiking upward last week.
Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
Descartes will link trade compliance data and documentation from its Global Logistics Network to SAP's transportation management application for better shipment visibility for SAP's TM customers.
The U.S. Department of Commerce’s Bureau of Economic Analysis also revised a previous prediction of a 0.2 percent decrease in first quarter gross domestic product to a 0.6 percent increase.