The U.S. Department of Transportation’s Bureau of Transportation Statistics said that in September, 64.7 percent of freight between the United States and its partners in the North American Free Trade Agreement was transported by truck.
The German ocean carrier’s employees demonstrated Friday in Hamburg, seeking job protection in the wake of the announcement that the company will be acquired by Maersk Line.
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The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
U.S. Customs and Border Protection auditors are becoming less lenient regarding trade law violations and are widening their enforcement net, partly due to pressure from Congress, which has repeatedly expressed concern about protecting domestic industry.
Hyundai Merchant Marine of South Korea and Geneva, Switzerland-based Mediterranean Shipping Company have submitted an offer to acquire Hanjin’s interests in Total Terminals International.