UPS recently sent a letter to the U.S. Surface Transportation Board voicing its opposition to the proposed merger of Canadian Pacific and Norfolk Southern railways. UPS argues a merger could hurt competition and limit shipping options.
President Obama is meeting with leaders from Southeast Asia this week for a two-day summit with the Association of Southeast Asian Nations (ASEAN). Trade between the U.S. and the region and the Trans-Pacific Partnership are expected to be among the main topics of discussion.
China’s shipping business has been hit hard by falling oil prices and tumbling demand for oil rigs and other equipment. China’s imports fell 13.2% in 2015 and exports were down 1.8%. Orders for new Chinese ships were also down by about 50% in 2015.
A House panel recently voted against an amendment to legislation that would further regulate shipments of lithium batteries on aircraft. The majority of those on the Transportation and Infrastructure Committee want to wait to take further action on lithium battery shipments to see if the International Civil Aviation Organization adopts tougher regulations.