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Officials revise estimate downward as pace of decline slows The U.S. real gross domestic product dropped at an annual rate of 5.5 percent in the first quarter of 2009, compared with the fourth quarter of 2008, according to a final estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2008, real GDP de...
Partial sale follows collapse of talks for entire short-sea subsidiary A.P. Moller-Maersk is selling some of the trucking services provided by its European ferry subsidiary Norfolkline Logistics to DSV, Scandinavia ’s largest trucking and logistic group. The Danish parent of Maersk Line said today it will sell to DSV its trucking servic...
The Florida Department of Transportation plans to build a dedicated truck ramp from the Port of Tampa to the interstate as part of a $600 million Interstate 4 – Crosstown Expressway Connector project that has been fast-tracked as a result of the federal stimulus program. “We are delighted that the I-4 Connector has rec...
National Retail Federation and Retail Industry Leaders Association won't bring merger proposal to boards Two of the nation's largest retail trade groups said yesterday that they have closed merger talks. The National Retail Federation and the Retail Industry Leaders Association, which represent the country's biggest chain st...
MOL said Friday that its auto logistics subsidiary in India has received a contract to handle inland transport and yard operation of finished cars for export from a new Nissan plant in India . The new plant, in Chennai, will start manufacturing in early 2010 and will begin exporting vehicles, mainly to Europe , in late 2010. It will als...
Vietnam ’s apparel exports are expected to be down 1.3 percent for the first half of 2009, according to a report by the Vietnam Textile and Apparel Association. While the country was hit by a downturn in demand from the United States and European Union, it was able to expand exports in other regions, especially within Asi...
China is set to impose anti-dumping measures on the United States , the United Kingdom , France , Italy and Taiwan over the import of polyamide-6,6, a chemical used to produce synthetic plastics and fibers, including nylon. “The move followed a preliminary ruling made by (the Ministry of Communications), which said t...
A delegation of U.S. corn and beef producers arrived this week in Tokyo for a trade mission organized by the U.S. Meat Export Federation to promote U.S. corn-fed beef in Japan and South Korea . The promotional tour of six producers representing the Iowa Beef Industry Council, the Iowa Corn Promotion Board, the Nebraska Beef ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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