A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, is paying particular attention to noises coming from the United States that suggest the new administration is moving closer to a trade war with China.
February 8, 2017Business, Logistics
World’s Biggest Shipping Company Voices Alarm at Trump Trade War
Business, Logistics
Maersk Slumps as It Unveils Second Loss Since World War II
A.P. Moller-Maersk A/S unexpectedly lost money in 2016 as Denmark’s biggest company wrote down the value of some of the energy assets it plans to split off.
February 8, 2017Editorial, Business, Safety, Government, Fuel, Logistics
Editorial: Let’s Get Started, Secretary Chao
While Republican leaders in Congress seem to be in no hurry to address the country’s infrastructure, there’s an entirely different feeling surrounding President Trump’s pick to be transportation secretary, Elaine Chao, who was confirmed easily last week.
February 6, 2017Business, Government, Logistics
Washington State Audit: Port of Seattle Illegally Gave Out $4.7 Million in Raises
The Port of Seattle illegally gave out nearly $5 million in raises to hundreds of employees about a year ago, a Washington state audit has concluded.
February 5, 2017Business, Government, Logistics
Secret Pay Raise, Improper Gifts: Inside Port of Seattle CEO's Abrupt Departure
The CEO of the Port of Seattle secretly gave himself a $24,500 raise, improperly accepted travel gifts and sports tickets from port customers and apparently steered port business to his father's company before leaving, officials revealed Feb. 3. There also were reports of a potential sexual-harassment complaint on top of an ongoing DUI case against him.
February 5, 2017Business, Logistics
Container Rail Service to Port of Wilmington Could Start in March
The "Queen City Express," delivering freight directly from the Port of Wilmington to a transportation hub in Charlotte, could begin in early March, officials said.
February 3, 2017Business, Government, Logistics
Consumer Comfort Increases on Optimism About Economy
American consumer sentiment climbed last week as views on the economy matched the highest level since 2007, according to figures in the Bloomberg Consumer Comfort Index released Feb 2.
February 2, 2017Business, Logistics
California Town Vows to Rid Itself of Hanjin Shipping Containers by Year's End
Ontario, California’s legal team vows that hundreds of abandoned shipping containers, illegally stored at four industrial yards in the agricultural southern part of town, will be gone by the end of the year.
January 31, 2017Business, Government, Logistics
Consumer Confidence Eases From More Than 15-Year High
Consumer confidence retreated in January from a more than 15-year high as Americans tempered their economic expectations and waited for President Trump and lawmakers to deliver on promises to boost employment and jump-start growth, data from the New York-based Conference Board showed Jan. 31.
January 31, 2017Editorial, Business, Autonomous, Government, Logistics
Editorial: Trump’s Course and Trucking
President Trump is charting a new course for the nation. We don’t know where it will ultimately lead us, but during his short tenure the business community has been served notice that things are changing.
January 30, 2017