Cosco upsizes Asia-US Gulf service to post-Panamax ships amid port upgrades
The buildout of warehouse and distribution capacity in Gulf Coast states is prompting ocean carriers to deploy larger ships, with Cosco Shipping joining the rush.
3PL Echo moves to expand LTL business with new executive hires
Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities.
Increased vessel capacity, reliability key to 2023 reefer rebound
Refrigerated container trade was muted in 2022 due to high costs and poor service, but ocean carriers appear keen to serve those markets in 2023 now that dry cargo rates have returned to pre-pandemic levels.
No ‘musical chairs’ by carriers after end of 2M Alliance: Maersk CEO
Maersk does not believe any of the major carriers outside the 2M Alliance have the competitive network, scale, or cost base to forge individual paths outside their current partnerships.
Transnational Criminal Organizations Designations and Designations Removals; Publication of Russia-related Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one Russia-related Frequently Asked Question (1113). The following additions and removals have been made to OFAC's list of Specially Designated Nationals:
