President Obama has designated Missouri Democrat Rhonda Schnare Schmidtlein chairman of the U.S. International Trade Commission for a term that will expire June 16, 2018.
Alain Bédard, chairman, president and chief executive officer of TFI International, formerly known as TransForce, said the acquisition diversifies the company into the medical last mile business.
The U.S. Federal Maritime Commission has received 29 ocean transportation intermediary (OTI) license applications and changes for review.
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The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
The London-based shipping research and consulting firm said expenses have been cut to the bone in the past two years, so increases would not be unexpected.
The Shanghai Containerized Freight Index increased 3.4 percent since last Friday to a reading of 824.39, largely driven by significantly higher rates from Shanghai to the United States.