The Trump administration said on Thursday that it would temporarily waive a century-old shipping law for Puerto Rico that officials there said was hindering disaster relief efforts after Hurricane Maria. The waiver of the law, known as the Jones Act, comes as federal and local officials report more supplies trickling onto the increasingly desperate island.
Sen. John McCain (R-Ariz.) on Thursday repeated his call to repeal the Jones Act after the Trump administration announced a temporary lift on shipping restrictions for Puerto Rico as it recovers from hurricanes Maria and Irma.
A coalition of leading cargo industry organisations representing the full breadth of the global supply chain is maintaining its campaign for safer practices in packing freight containers and other cargo transport units (CTUs).
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China-based e-commerce giant Alibaba Group has taken control of struggling logistics network Cainiao with an investment of 5.3 billion yuan (US$807 million) in a move to dramatically increase its international reach. The investment, once completed, will increase Alibabas stake in the logistics network from 47 percent to 51 percent and brings the estimated valuation of Cainiao to about $20 billion, according to Reuters.
The Trump administration will not grant a Jones Act waiver for oil, refined products and other commodities being shipped into Puerto Rico as the island works to rebuild following Hurricane Maria, the Department of Homeland Security said Tuesday.
Pan Am Railways and DP World have agreed to form a new direct intermodal service connecting the Boston market to Port Saint John in New Brunswick, Canada. The new agreement provides a “viable alternative” to customers in the New England area, said officials representing DP World, the port's terminal operator. Port Saint John provides connections to more than 500 international destinations.
Hoegh Autoliners has made a settlement with the US Department of Justice, regarding accusations over price-fixing. According to sources, the Norwegian company is to pay a fine of USD21 million to Middle East exports for illicit actions against competition.