Maersk Line today signed an order for eleven 19,630 TEUs container ships, in a $1.8 billion deal aimed at consolidating its ranking as the world’s largest ocean carrier. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
The Senate on May 23 easily passed a two-month extension of highway funding authority, sending the measure to the president for his signature.
Iraq is taking OPEC’s strategy to defend its share of the global oil market to a new level.
The number of tractor-trailers that passed through the top five U.S. border crossings rose 2.4 percent in the first quarter, compared with a 4.1 percent increase a year ago, according to data from the U.S. Bureau of Transportation Statistics. (This article requires registration at the Journal of Commerce. To access, please click on the above […]
Americans stepped up their borrowing in March, as the WSJ’s Eric Morath reports, but the question remains whether the consumers who make figure so prominently in the global economy will start buying in big numbers after taking a break from stores in the first quarter. For planners of retail supply chains, a major part of […]
After more than 18 months of delays, the much heralded first phase of Brazil’s more that Reais 10 billion ($3.36 billion) port concession program received the go-ahead to proceed from the Tribunal de Contas da Uniao. (This article requires registration at the Journal of Commerce. To access, please click on the above link.)
Original Equipment Manufacturers of trailers have their hands full for the remainder of 2015, according to reports released by both ACT Research and FTR Associates.
WASHINGTON—Federal Reserve officials attributed the economy’s sharp first-quarter slowdown to transitory factors, in effect signaling an increase in short-term interest rates remains on the table for the months ahead although the timing has become more uncertain. (This article required a subscription with The Wall Street Journal. To access, please click on the above link.)
Several hundred truck drivers at the ports of Los Angeles and Long Beach began a strike against four fleets, including two controlled by XPO Logistics, but there were no reports of interrupted cargo flow on the docks at the nation’s two largest ports.
On Monday, April 27, 2015, port truck drivers serving the nation’s largest port complex began a strike of four major drayage firms serving the twin ports of Los Angeles/Long Beach, where a crippling slowdown in early 2015 sent shock waves through the U.S. economy. Primary picket lines are now up company yards in the greater […]
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