United States GDP grew slightly more than initially expected in the first quarter of 2016, but durable goods orders fell in May, according to the most recent data from the Department of Commerce.
The struggling South Korean shipping line plans to return 20 containerships and 18 bulk vessels when their charters expire this year and next as the latest step in its cost cutting and restructuring efforts.
DB Schenker appoints senior finance and HR executives for North America team, while the Canadian Airports Council elects new chairman.
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Port of Portland, Ore. Executive Director Bill Wyatt told the Portland Business Journal low crude oil prices have caused trucking rates to drop well below expected levels, making direct container service to the Puget Sound region less economically viable.
The Puyallup, Wash.-based shipping company's last call at the Port of Portland, Ore. will be Saturday, May 21.
Continued weighing at port facilities might provide a convenient way for exporters to comply with the upcoming International Maritime Organization verified gross mass container weight regulations due to go into effect at the beginning of next month.