CJ Logistics builds second Chicago warehouse to link with major rail freight lines
South Korean forwarding group CJ Logistics is working with state-backed ship financier Korea Ocean Business ...
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
Failure to properly invest in its ports could wipe $4trn from US GDP over the next decade. This was the stance taken by the American Association of Port Authorities (AAPA), testifying before a senate sub-committee. In total, AAPA called for $66bn for waterside and landside projects, with $28.9bn marked for road and rail connectivity. The money, it said, could be generated by collecting 100% of the tax paid by shippers to US ports, without the need to burden industry or the taxpayer. AAPA chief executive Kurt Nagle also voiced the association’s concerns over the US-China trade war, noting his members were on the “front lines” of the uncertainties caused by the trade dispute.
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