The Mississippi ports signed cooperative agreements with the Cuban government in Havana earlier this week despite uncertainty surrounding U.S. relations with the Communist Caribbean island, according to a report from Reuters news service.
The seasonally adjusted For-Hire Truck Tonnage Index grew 2.9 percent compared with the previous month to a reading of 138.8, following a revised 4.3 percent decline in December, according to the American Trucking Associations.
Shipment volumes for the month fell 6.4 percent from December due to “normal seasonality," but were up 3.2 percent compared with the same 2016 period, the second year-over-year increase in as many months, according to the latest Cass Freight Index Report.
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Federal Maritime Commissioner William P. Doyle said SM Line plans on launching a transpacific service and eight intra-Asia services.
Federal Maritime Commission Chairman Mario Cordero says he is willing to discuss the agency's concerns with Port Authority of New York/New Jersey and OCEMA member carriers, leaving the door open for future approval of a revised agreement.
A spokesperson from Hyundai Merchant Marine (HMM) told American Shipper the loop is expected to commence April 2 from Laem Chabang, operating with seven, 6,800-TEU vessels supplied by HMM.