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Import cargo volumes at the nation’s major retail container ports are expected to increase 7.3 percent in July, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Spot rates as measured by the Shanghai Containerized Freight Index fell 10.7 percent after spiking upward last week.
Research from CargoSmart found the average vessel arrival delay in June for ships of 10,000 TEUs or larger was shorter than for all vessels arriving at five key European ports.
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.