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The Federal Aviation Administration has proposed civil penalties ranging from $54,000 to $63,000 against four companies for allegedly violating the country’s hazardous materials transport regulations.
"Repercussions on the global supply chain will be felt over the next few months and perhaps years to come," said the CEO of supply chain research firm Resilinc.
Spot container rates from Shanghai to Northwest Europe this week saw the largest single week drop ever recorded on the Shanghai Containerized Freight Index.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.