News

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Houston, New Orleans ports see container volumes rise

Gulf Coast ports in Houston and New Orleans reported strong cargo volumes in February as plastics and resins helped drive exports of loaded containers. Port Houston container volume in February rose 15% compared to the same month last year to 313,452 twenty-foot equivalent units.

Mar 23, 2023

US Seeks Exemption From EU Carbon Border Levy to End Tariff Dispute

The US has asked for its steel and aluminum exports to be exempt from the European Union’s carbon border levy, complicating work on a broader metals accord that could lead to the allies reimposing billions of dollars in tariffs and retaliatory measures on each other’s goods.

Mar 23, 2023

Freight Rebound Hopes Are Fading Under an Inventory Glut

Freight companies are dialing back expectations that demand will recover strongly in the second half of the year amid growing economic uncertainty and signs retailers are growing more guarded about placing big orders in 2023.

Mar 23, 2023

Big Driver of the Global Economy Last Year Is Slowing Down, UN Says

International commerce soared to a record of $32 trillion in 2022, but goods trade growth is expected to increase by only 1% in the first quarter and remain subdued this year because of a weaker world economy, a UN agency said.

Mar 23, 2023

Trucking Giant Knight-Swift Transportation to Buy U.S. Xpress

Mar 22, 2023
Knight-Swift Transportation Holdings Inc. is buying rival trucker U.S. Xpress Enterprises Inc. in a deal valued at about $808 million that will bolster the scale of one of the country’s largest trucking operators.
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Inflation triggers major user fee increases at FMC

Mar 22, 2023
The Federal Maritime Commission is raising its user fees as high as 650% over current rates to account for higher costs related to staff salaries, inflation and an electronic filing upgrade.
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