Chiquita International and Irish banana seller Fyffes are busy wooing shareholders, saying the synergies of a combined company would result in $60 million in annual savings, much of it from lower transportation and fuel bills.

Footwear
Footwear importers last year paid $2.5 billion in duties, which are meant at least in part to protect domestic producers from low-cost imports, but in reality footwear accounts for a tiny percentage of U.S. jobs.

Hamburg Süd said it has taken steps to combat significant delays in vessel arrivals and departures at the ports of Los Angeles and Long Beach as severe congestion at the largest port complex in the Americas has reached a new level of intensity.

State and federal politicians are balking at the potential privatization of the Port of Boston’s busiest terminal, an option brought forth by the port authority as it continues to look for ways to erase a funding shortfall totaling $200 million.

The U.S. Customs and Border Protection should improve its analysis and circulation of border security data, a new report from the Government Accountability Office says.

Members of the Transpacific Stabilization Agreement have filed for their 11th general rate increase this year in a continuing effort by carriers to shore up spot rates from Asia to North America.

A stronger, steadier North American economy is generating more intra-Canada truckload freight and cross-border shipping demand from U.S. partners and customers.

Nicaragua canal
The HK Nicaragua Canal Development Investment Co. estimates it can complete a Nicaragua canal in five years at a cost of $40 billion, but more realistically, it will cost at least twice that amount and take 10 or more years to build the 173-mile-long waterway.

The slump in crude oil prices over the past three months has sharply reduced ocean carriers’ unit costs as they face declining cargo volumes in the seasonally slack fourth quarter.

The Transpacific Stabilization Agreement said most of its member lines are moving forward individually with previously surcharges on intermodal store-door deliveries from Asia to North American points in an effort to offset higher costs.

Lufthansa Cargo said all its freighter flights will operate as scheduled as pilots began a 35-hour strike at midday that forced the parent airline to cancel 1,450 short- and medium-haul passenger flights.

The Cat Lai Terminal within the port of Ho Chi Minh City, Vietnam.
Severe port congestion at the Philippines’ port of Manila in recent months resulted in average vessel delays of more than five days, according to a recent report from CargoSmart.

Growing U.S.-Mexico trade has attracted a new player into the sparse short-sea market connecting the two countries, with a service aimed at the U.S. Southeast market for northbound cargo.