SoNo International LLC and Ark Capital Equipment LLC have agreed to jointly pay over $900,000 to the U.S. government to resolve allegations surrounding shipping containers that were made in China as opposed to government-specified countries, United States Attorney Jennifer Arbittier Williams announced on Thursday. According to a Department of Justice (DOJ) release, the companies agreed to jointly…
Two US Companies Agree to Pay $900,000 Over Chinese-Made Shipping Containers Provided to DoD
January 7, 2022
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NTD Evening News Full Broadcast (Dec. 22)
The White House and industry leaders say shipping companies are moving goods faster ahead of the holidays, President Joe Biden extends the pause on federal student loan repayment, and the FDA authorizes the Pfizer COVID-19 pill for emergency use.
Walnuts for Holiday Baking Languish as US Shipping Crisis Hurts Farmers
ESCALON, CALIF.—The shrink-wrapped boxes of fresh California walnuts stacked almost to the ceiling in Don Barton’s California packing facility should be headed to Europe for holiday baking and to Asia for New Year celebrations. Instead, newly cleaned and shelled nuts—about $10 million worth—are stuck at his processing plant near Sacramento, thousands of miles from their…
USPS Plans to Ship 12 Billion Items This Holiday Season
It is beginning to look a lot like Christmas at the U.S. Postal Service (USPS) as it forecasts to process, ship, and deliver billions of items. According to the independent government agency, 12 billion letters, cards, and packages will be sent across the country this holiday season, with more than two-thirds being packages. Although this…
Winter Weather, West US Port Labour Talks Are Wild Cards in Shipping: Hapag Lloyd
November 18, 2021
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FRANKFURT—The shipping industry may face unexpected risks from labour negotiations in western U.S. ports and winter weather in the northern hemisphere over the next few months, the head of German container firm Hapag-Lloyd said on Thursday. “Winter can have a significant impact on shipping,” Chief Executive Rolf Habben Jansen said in an online call with…
Shipping Firm Hapag-Lloyd Profits Surge Tenfold as Supply Crunch Sends Freight Rates Soaring
German shipping giant Hapag-Lloyd has reported a more than tenfold rise in profits over the past nine months, citing record freight rates amid scarce transport capacity and robust demand. The world’s fifth-biggest operator said in a Nov. 12 earnings report that net profit climbed to $6.41 billion in the nine months between January and September 2021,…
Shipping Problems to Persist Through 2022 Amid Supply Chain Crisis: Economists
October 26, 2021
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Economists expect shipping problems at large ports in the United States as well as the subsequent shortage in goods and price increases to persist into the middle of 2022 amid the ongoing supply chain crisis. Roughly 77 ships are currently waiting outside docks in the Ports of Los Angeles and Long Beach, California, carrying a…
Amazon Bulks Up Shipping Capacity to Battle Holiday Season Snarls
October 25, 2021
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Amazon.com Inc. said on Monday it had doubled its container processing capacity and secured more shipping storage from ocean freight carriers to try to overcome supply chain bottlenecks in time for the holiday shopping season. The stop-and-start nature of the COVID-19 pandemic has snarled global supply chains that are optimized for just-in-time movement of goods,…
Port Congestion in Southern California; IN PHOTOS
October 21, 2021
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The Ports of Los Angeles and Long Beach, California, face issues of congestion as cargo vessels continue to line the horizon of the Pacific Ocean. (Photos by John Fredricks/The Epoch Times)
US Rail Freight Feels Global Supply Chain Pinch
A product’s path from manufacturer to store shelf is currently an obstacle course of chokepoints within the interconnected global supply chain, and U.S. rail is among the industries feeling the pinch. U.S. railroads moved 1,167,682 carloads of freight in September 2021, the Association of American Railroads Weekly Rail Traffic Report shows. That’s up 4.3 percent…
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