The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 percent, respectively.
The U.S. International Trade Commission has recommended to the White House that certain changes to the country’s Harmonized Tariff Schedule be made to conform with the World Customs Organization’s amendments to the global harmonized system.
The U.S. International Trade Commission said the Earned Import Allowance Program continues to fall short at boosting the Dominican Republic’s apparel exports to the United States.
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Claudio Bozzo, chief operating officer of liner carrier Mediterranean Shipping Company, joins the World Shipping Council board.
An American Shipper poll of shippers and forwarders revealed that nearly 90 percent believe at least some cargo will be delayed by the verified gross mass rule that went into effect globally today.
After a weak first quarter in 2016, east-west capacity rebounded slightly in advance of the traditional summer peak season, but overcapacity, decreased volumes and low rates continued to drive carriers into the ever-changing alliance game.