This Week In Global Logistics

This Week In Global Logistics

Panama Canal Expansion Will Resume – The Panama Canal Authority has reached an agreement with their construction consortium, resuming work after a month-long suspension. Under the agreement, the authority agreed to pay $36.8 million for cost overruns. However, there...
This Week in Global Logistics

This Week in Global Logistics

New Rules for Truckers – The U.S. Department of Transportation (DOT) issued new rules regulating the amount of hours truckers can work.  These restrictions will go into effect in 2013 and aim to reduce driver-fatigue related accidents. The new rules will decrease a...
This Week in Global Logistics

This Week in Global Logistics

Chinese Currency Rises – The renminbi(RMB) rose to its strongest level since 2005, the year China removed the fixed U.S. dollar valuation peg.  This is seen by economists as Beijing’s willingness to use appreciation as a tool against rising inflation.  However,...