European manufacturers including Daimler, Volvo and Renault could be hit with fines surpassing the EU record 1.4 billion euro (U.S. $1.6 billion) penalty imposed in 2012 over television-tube price fixing, according to a report from the Financial Times.
Industrial production in South Korea fell more than economists expected as weak exports and corporate restructuring of shipbuilders continue to hurt demand and business sentiment.
United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from the Department of Commerce.
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The ill-fated cargo ship did not have an accurate forecast of the path of Hurricane Joaquin due to delays in the BonVoyage reporting system, according to official testimony from the second round of Marine Board of Investigation hearings into the incident.
Many East Coast ports reported a decline in loaded container volumes during the month, reflecting the fact that the overall container trade is tepid, South Carolina Ports Authority CEO Jim Newsome explained.
The company’s Hy-Weigh hydraulic jack system, designed to help shippers comply with new verified gross mass requirements, attaches to the four corners of a cargo container in order to weigh the box where it sits in just 10 minutes.