Hyundai Merchant Marine will transport 10 million tons of crude oil from the Middle East to South Korea over a period of five years, from July 1, 2019 through Aug. 31, 2024.
The Shippers Conditions Index stood at a “solidly negative” reading of -8.9 in November, according to freight transportation intelligence firm FTR.
Jeff Miles, who recently worked as a senior executive with the North Carolina State Ports Authority and a native Indianan, will serve as director of the Port of Indiana-Jeffersonville.
The United States Department of Agriculture’s Animal and Plant Inspection Service will start allowing orchid plant imports of the genus Dendrobium from Taiwan effective March 1.
U.S. Chamber of Commerce adds two to International Affairs division; Hoyer Group appoints chief financial officer; CEVA hires managing director for UK, Ireland and Nordics; and CSafe Global names two European sales directors.
The Japanese logistics company and its numerous subsidiaries operate in 44 countries across the globe, with its foothold in the United States dating back to 1962.
NYK Line, MOL and “K” Line, which will combine forces April 1 as the Ocean Network Express (ONE), all turned a profit during the nine months ended Dec. 31 after NYK and “K” Line posted substantial losses in the same 2016 period.
During Tuesday evening’s State of the Union address, President Donald Trump called on Congress to develop legislation that generates at least $1.5 trillion for new infrastructure.
Companies in the shipping and logistics industry would be wise to view every technological product and pitch as an attempt to gather their data.
Global air cargo demand rose 9 percent last year, more than double the 3.6 percent annual growth recorded in 2016, according to the latest data from the International Air Transport Association (IATA).
Port of Oakland Executive Director Chris Lytle said all transpacific services currently calling the port hit Los Angeles or Long Beach first, resulting in more imports being discharged at those ports instead of Oakland.
The ocean carrier will launch a new service network between Asia and South America’s West Coast, Mexico, Central America and the Caribbean in April.
The Texas port handled 38.3 million tons of cargo throughout the year, including 2.46 million TEUs, both of which were new records for the port.
Jawaharlal Nehru Port Trust’s (JNPT) fourth terminal commenced operations with last week’s berthing of CMA CGM’s Centaurus.
Despite C.H. Robinson’s full-year net income slipping 1.7 percent from 2016, in the fourth quarter alone, the third-party logistics provider’s net income surged 24.7 percent from 2016’s fourth quarter.
Uffe Ostergaard, who has experience working at United Arab Shipping Co. and Maersk, will officially succeed Wolfgang Freese as Hapag-Lloyd’s North America president on April 1.
The French logisitcs company acquired a majority stake in Danish freight forwarder Global Solutions A/S to further its global end-to-end offering in the Scandinavian markets.
Tiger Cool Express appoints chief commercial officer and executive vice president of operations, FedEx names president of FedEx Express Europe and CEO of TNT, DACHSER promotes COO of air and sea logistics, and Smith Transport selects new president.
At the existing pace of bridge repair and replacement work, it will take 37 years to remedy all the nation’s current structurally deficient bridges, according to a report released by the American Road & Transportation Builders Association.
The online marketplace, which connects shippers with carriers, said it will use the financing it received through Sequoia Capital to help keep qualified drivers from leaving the industry by keeping them active.
