News

Current information from American Lamprecht Transport Inc.

Chinese Exports Plunge as Slowdown Deepens

Date: Monday, March 25th, 2019 Source: The Wall Street Journal Exports fell, as did imports, narrowing the trade surplus to $4.12 billion in February BEIJING—China’s exports fell sharply last month, adding to headwinds for the world’s second-largest economy as officials…

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Trade Turmoil Cited as Air Freight Demand Drops to Three-Year Low

Date: Monday, March 25th, 2019 Source: Sourcing Journal Global air freight demand fell 1.8 percent in January compared to a year earlier, marking the worst performance in the last three years, according to a new report from the International Air Transport Association (IATA). Demand…

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Drewry foresees more slow steaming and transshipment

Date: Monday, March 25th, 2019 Source: American Shipper Drewry foresees more slow steaming and transshipment Drewry says container carriers may try to mitigate the rising cost of fuel by slowing ship speeds and relying more on feeder ships. Mar 18,…

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Port of Oakland cargo surge cooled off last month

Date: Monday, March 25th, 2019 Source: AJOT Oakland, Calif. – A six-month-long containerized cargo surge came to a halt, as expected, at the Port of Oakland last month. The Port said today that its total February cargo volume was down…

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Apparel, Footwear Lead a Growing Trade in Counterfeit Goods

Date: Monday, March 25th, 2019 Source: Sourcing Journal Footwear and clothing top the list of goods making up the biggest share of seizures of counterfeit goods in value, according to a study released Monday by the Organization for Economic Cooperation & Development (OECD)…

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Lumber Liquidators hit with $33 million penalty

Date: Monday, March 25th, 2019 Source: American Shipper Lumber Liquidators hit with $33 million penalty Virginia-based flooring supplier haunted by 2015 missteps from investigation of defective, formaldehyde-tainted flooring imports from China. Mar 12, 2019 on Dec 27, 2018 — AmericanShipper.com

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