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Lower bunker prices are a temporary windfall that won't last, according to predictions from Boston Consulting Group.
Bellwether manufacturing index shows slowing growth for the fifth straight month, though the reading over 50% marks is the 27th consecutive month of expansion in manufacturing.
In a keynote to an AAFA sourcing and logistics integration conference, New Balance VP Duncan Scott said Asia's engineering and logistics prowess will offset lower labor costs in other regions.
House and Senate committees voted last week to extend the expiring trade preference programs.
Coast Guard organizations of Italy and Malta, along with merchant vessels, are bearing the brunt of rescue operations for migrants at sea.
Hutchison Port Holdings plans to invest $303 million by 2019 to expand the Oman International Container Terminal at the Port of Sohar, quadrupling container handling capacity at the port.