Germany’s Hapag-Lloyd buying Zim of Israel for $4.2 billion
Zim, Israel’s flag ocean carrier, confirmed it will be acquired by Hapag-Lloyd of Germany for $4.2 billion.
Zim, Israel’s flag ocean carrier, confirmed it will be acquired by Hapag-Lloyd of Germany for $4.2 billion.
UPS says a Teamster lawsuit seeking to stop it from offering a large buyout package to parcel drivers is without merit and should be dismissed by a district court.
Hapag-Lloyd said it is in advanced negotiations to acquire the Israeli flag carrier.
A fee on foreign-built vessels is the linchpin to help fund President Trump’s plan to revive U.S. shipbuilding.
The head of DP World resigned Friday after his links to convicted child sex offender Jeffrey Epstein were revealed by a U.S. Congressman.
A closely-watched container price index fell for the fifth consecutive week as lower freight on benchmark ocean routes pressured global rates.
FedEx management on Thursday explained the rationale for their new investment in InPost, a fast-rising European parcel carrier.
FedEx unveiled its four-year growth strategy on Thursday, setting a goal of 14% profit growth by 2029.
A major Canadian pension fund has halted investment with DP World after the Dubai company’s CEO emerged as an associate of deceased American sex trafficker Jeffrey Epstein.
A Hong Kong port terminal operator has threatened legal action after its Panama port contracts were cancelled.
Mitsui O.S.K. Lines said a new executive team will succeed Takeshi Hashimoto as leadership of the Japan-based container carrier.
Muted demand marks the trans-Pacific container market post-Lunar New Year as ocean freight rates are easing earlier than usual.
Hapag-Lloyd container volumes increased on robust trade growth but diverted voyages away from the Red Sea hurt average freight rates.
Despite a decline in China trade traffic, the Port of New York-New Jersey saw loaded containers increase in 2025.
A new Toyota processing center at the Port of Jacksonville is expected to boost vehicle volume by 6%.
FedEx has partnered with three investment companies to buy European parcel carrier InPost and take it private, with both sides leveraging complimentary strengths in last-mile delivery and global distribution.
Sun Country Airlines generated record cargo revenue last quarter as its Amazon flying business took off.
The world’s largest asset manager could back an effort by the world’s biggest container line to buy the busiest container terminal at the leading U.S. East Coast port.
ShipTime Canada is expanding its last-mile virtual delivery network with the acquisition of on-demand warehouse platform Warehowz.
Overcapacity and global trade headwinds sent Maersk to a Q4 pre-tax loss on container volumes that improved by 8%.