President Obama has designated Missouri Democrat Rhonda Schnare Schmidtlein chairman of the U.S. International Trade Commission for a term that will expire June 16, 2018.
Alain Bédard, chairman, president and chief executive officer of TFI International, formerly known as TransForce, said the acquisition diversifies the company into the medical last mile business.
The U.S. Federal Maritime Commission has received 29 ocean transportation intermediary (OTI) license applications and changes for review.
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Under new rules that took effect last month, freight forwarders managing inbound shipments to Canada must now submit electronic house bills of lading prior to arrival.
Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.
Danish ocean carrier Maersk Line said the acquisition of Hamburg Süd would boost its share of the world container fleet from 15.7 percent to 18.6 percent, and increase its capacity from 3.14 million TEUs to 3.76 million TEUs.