The group sent a letter to the President-elect, praising his recognition of the need for infrastructure investment and making suggestions on how to improve the economic competitiveness of the nation’s multimodal freight network.
Taneli Ruda, head of ONESOURCE Global Trade, said companies can exert little control over the macro conditions that impact trade, but they can use today’s low-growth trade environment as an opportunity to review and optimize their processes.
Despite a populist backlash championed by Donald Trump against the outcome of free trade deals, Sen. Johnson and other Republicans are cautioning against protectionism.
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Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
Hyundai Merchant Marine and Korea Line have submitted bids for Hanjin’s Asia-U.S. route, and a deal is expected to be reached at the end of the month.
Datamyne provided American Shipper with statistics illustrating how some non-vessel-operating common carriers pulled U.S. import volume from Hanjin ships prior to August, while others ramped up their use of the financially stricken carrier.