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 are still some issues that have not been agreed upon.
Read more from New York Times.
Secure Supply Chain Pilot Program – The Food and Drug Administration (FDA) is initiating a Secure Supply Chain Pilot Program to enhance the security of imported drugs. Participating companies will receive expedited entry for the importation of up to five selected drug products into the U.S. Thirteen companies have been prequalified for the program.
Read more from PharmTech.com.
Retailers Concerned About Port of New York and New Jersey Freight Delays – The Retail Industry Leaders Association has sent a letter to the Port Authority of New York and New Jersey urging officials to take action on the increasing delays at its terminals. The letter outlines four initiatives that could help restore productivity.
Read more from Trucking Info.
Russia May be Excluded from Trucking Union – The International Road Transport Union (IRU) has warned that Russia could be excluded from an international system of guarantees unless Moscow scraps certain border restrictions. The IRU is an international organization that runs the “TIR” system of customs guarantees. Excluding Russia would raise costs and slow down container exports.
Read more from Reuters.