Business

IATA / UPU Warn of Air Capacity Shortage

The International Air Transport Association (IATA), and the Universal Postal Union (UPU) warned that air capacity for postal services is insufficient and urged governments to do more to support the movement of mail by air during the COVID-19 crisis. Owing to the drastic 95% reduction in passenger flights, which are typically used to transport mail, and a 25-30% increase in demand for e-commerce as customers and businesses resort to online purchasing ... [+]

Shoreside Logistics Receives FTZ Designation

Shoreside Logistics has announced its designation as a Foreign Trade Zone (FTZ). An FTZ is a secured site considered outside U.S. Customs territory where foreign cargo can be stored while delaying, reducing or eliminating import duties. By using Shoreside as their FTZ, businesses only pay ... [+]

Georgia Ports starts live chat feature

A new tool has been put in place to provide customers with another method to communicate with GPA's customer service team. One can access it anytime between 8a.m.-noon and 1-5 p.m. "The live chat feature has given our dedicated client relations professionals an opportunity to communicate ... [+]

Port of Brownsville’s FTZ Drives Record-Setting $9 Billion of Combined Import and Export Value

Foreign Trade Zone No. 62 at the Port of Brownsville reported a record-setting $8.9 billion in the combined value of exports and imports for 2019. The total value of export shipments through FTZ No. 62 reached $4.3 billion in 2019, an increase from $3.8 billion ... [+]

Port of Oakland gets new service to Asia, includes Saudi Arabia

A sprawling vessel service begins the week of May 4 with 18 megaships linking the Port of Oakland to Asia, including Saudi Arabia. A highlight of the new service: the first-ever direct link between Oakland and the Middle East. The Port said today that Japan’s ... [+]

Record-breaking Shipment bound for USA

While economies around the world pause in the face of the coronavirus (COVID-19) pandemic, farmers haven’t stopped. Spring is planting season for soybean and corn crops in America’s heartland, and these seeds are a top commodity shipped aboard flights from Argentina to the United States. Although ... [+]

Sailing schedules victim of Covid-19

The practice of cancelling sailings on an industrial scale has been, since February, the strategy put in place by the carriers to address the huge volume drop across major container trades globally, since the outbreak of Covid-19. The cancelled sailing tracker, part of the Drewry ... [+]

Evergreen to Initiate New Weekly Service from Port NOLA

Evergreen Shipping launched a new weekly container service to and from the Caribbean and the Port of New Orleans (Port NOLA) on April 29, 2020, with the Evergreen Arkadia calling at the port’s Napoleon Avenue Container Terminal. Port NOLA President and CEO Brandy D. Christian said ... [+]

Wicker Supports New FMC Guidance to Improve Freight Fluidity

WASHINGTON – U.S. Sen. Roger Wicker, R-Miss., chairman of the Senate Committee on Commerce, Science, and Transportation, today released the following statement after the Federal Maritime Commission (FMC) issued new guidance about how it will assess the reasonableness of detention and demurrage regulations and practices ... [+]

World Container Index – 30 Apr

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia decreased by 3.1% to $1,446.22 per 40ft container this week (updated Thursday, 30 April 2020). [+]

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