The Shanghai Containerized Freight Index ticked up 2.3 percent from last week, with rates from Shanghai to Northwest Europe, the Mediterranean and the United States remaining fairly stagnant.
Roberto Azevêdo, the head of the World Trade Organization, warned that the benefits of international trade are increasingly getting lost among the incessant anti-trade rhetoric that’s being espoused worldwide.
The Federal Highway Administration released $1 million in emergency relief funds to help start road and bridge repairs across South Carolina in the recent aftermath of Hurricane Matthew.
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The future size of feeder vessels will determine how much the legacy locks at the Panama Canal will be utilized by ocean carriers, compared to the new section for big ships.
The commission said it has “reasonable grounds” to suspect the carriers engaged in collusive practices to fix incremental cargo rates from Asia to South Africa.
New U.S. Customs regulations will make it easier to catch companies trying to avoid anti-dumping and countervailing duties.