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Freight volumes and revenues should continue to increase substantially over the next 11 years thanks to continued population growth, expansion of the U.S. energy sector and foreign trade, according to a new report from the American Trucking Associations.
Federal Maritime Commissioner Richard Lidinsky noted shippers diverted cargo to Canadian and Mexican ports to avoid port congestion on the United States West Coast.
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.
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.