Although exports from Japan in September fell 6.9 percent from a year prior to 5.97 trillion yen, the decline was not as sharp as analysts had projected.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
PierPass, whose members consist of the 13 container terminals at the ports of Los Angeles and Long Beach, held a workshop last Thursday to evaluate extended gate options.
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The families of the victims who died aboard the El Faro, which sank Oct. 1, 2015 during Hurricane Joaquin, lost a request for a summary judgement finding that the doomed cargo ship was unseaworthy.
The National Hurricane Center issued a public advisory at 11:00 a.m. EDT that said the Category 4 Hurricane off the coast of Haiti is moving north at 10 miles per hour.
The Canadian fund Caisse de dépôt et placement du Québec has purchased a $155 million stake in Chennai, India-based third-party logistics provider TVS Logistics Services from Goldman Sachs and KKR & Co., according to a statement from CDPQ.