The U.S. gross domestic product increased 1.2 percent in the second quarter 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
The American Association of Port Authorities is concerned that local agencies with no nexus to ports are taking advantage of a federal program designed to help ports pay for security needs.
The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 percent, respectively.
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The cocaine was discovered aboard the MSC Poh Lin, which according to ocean carrier schedule and capacity database BlueWater Reporting, operates on MSC’s California Express service.
Until now, Freightos has focused on helping forwarders quote faster, but since January, the logistics technology provider has been beta testing its China-to-United States marketplace.
Both carriers have refuted analyst reports that industry leader Maersk Line intends not just to bring Hyundai Merchant Marine into the 2M Alliance it shares with MSC, but to merge with or buy the struggling South Korean line.