Business
National Foreign Trade Council (NFTC) President Jake Colvin issued a statement following reports that the Biden Administration has declined to impose tariffs on rare earth magnets:
"The Biden Administration made the right call today by declining to impose new tariffs on neodymium magnets. Tariffs would have done more harm than good, ultimately undermining the Administration’s efforts to create resilient supply chains while also punishing American manufacturers, which rely on neodymium magnets ...
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The Port of Oakland’s total loaded container volume dropped by 8% in August compared to August 2021. Last month 155,682 loaded TEUs transited the Port, compared to 169,602 TEUs in August 2021.Loaded imports declined by 10.2% recording 87,844 TEUs last month compared to 97,850 in ...
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Rates continue to soften
Global air cargo prices continued their gradual decline in the first two full weeks of September, while volumes increased slightly in the second week after a drop in the first full week, the latest figures from WorldACD Market Data reveal.
Looking at week ...
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The Challenge Group has signed an agreement for CHAMP Cargosystems’ eCargo solution software, Traxon cargoHUB, strengthening a longstanding partnership. Offering tailormade air freight solutions worldwide, Challenge Group is dedicated to improving its services with a willingness to invest in its technology.Its customers are at the ...
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Hermes Logistics Technologies’ (HLT) has integrated tech partner SPEEDCARGO’s solutions into its Cargo Management System (CMS) for a ground handler at Singapore Changi Airport.
The integration between SPEEDCARGO’s CARGO EYE solution and HLT’s New Generation (NG) Ecosystem at the point of cargo acceptance will make enhanced ...
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Wiremind Cargo has launched a new module within its CargoStack CMS suite: Revenue Optimization is a comprehensive decision support tool designed to help sales steerers and flight controllers in three key aspects of their job. For Revenue Management, the system recommends an Entry Condition, or ...
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Index 7.4% Above August 2021
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.8% in August after decreasing 1.5% in July. In August, the index equaled 119 (2015=100) versus 115.8 in July.
“Tonnage snapped back in August after a weaker than expected July,” ...
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Global air cargo market performance data for August offered a glimmer of hope for volumes in the upcoming peak season as the decline in demand seen over the previous four months slowed and general air cargo rates between Europe and North America stabilized, according to ...
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CMA CGM is launching new MEDGULF service, which provides full coverage from the West Med to US Gulf and Mexico, starting the end of September 2022. The rotation of this service is: Tanger, Genoa, Valencia, Miami, Veracruz, Altamira, Houston, Tanger.A fleet of six vessels will ...
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Port Canaveral’s Foreign Trade Zone #136 (FTZ) has expanded once again with the addition of Melbourne Orlando International Airport (MLB) as a FTZ Operator for the receipt, storage, and distribution of jet fuel for international flights operating from the airport. Deliveries of jet fuel to ...
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