The Shanghai Containerized Freight Index ticked up 2.3 percent from last week, with rates from Shanghai to Northwest Europe, the Mediterranean and the United States remaining fairly stagnant.
Roberto Azevêdo, the head of the World Trade Organization, warned that the benefits of international trade are increasingly getting lost among the incessant anti-trade rhetoric that’s being espoused worldwide.
The Federal Highway Administration released $1 million in emergency relief funds to help start road and bridge repairs across South Carolina in the recent aftermath of Hurricane Matthew.
Registration takes less than 1 minute.
The South Korean carrier said certain providers have been charging its customers more than what it would have charged to transport cargo and has tried to intervene, taking its concern up with the Federal Maritime Commission.
The United States imported 2.99 million net tons of steel in August, an 8.5 percent month-over-month decline, driven down by lower volumes from Brazil and South Korea from a month prior.
Georgia Ports Authority Executive Director Griff Lynch said the Port of Savannah is quickly recovering from Hurricane Matthew, but cargo vessels are unable to reach the port until navigational aids are repaired.