The French Mediterranean port handled 1.25 million TEUs for the year, a 3 percent increase from 2015 and a new record for the port, according to a statement from the port authority.
American Airlines names new president of cargo and vice president of global sales, while Wen-Parker Logistics hires U.K. sales manager.
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The New York-based consulting firm suggested shippers carefully reexamine their procurement strategies to ensure supplier diversity, make sure they use multiple alliances, and study carriers’ financials.
International Shipholding’s reorganization plan, in which it will be owned by SEACOR Ocean Transport Inc., is expected to become effective in the second quarter of this year.
Shippers and logistics service providers continue to improve the nature of their strategic relationships, recognize the value of technology and innovation, and forecast growth outside their traditional businesses, according to an eyefortransport report.
The Port of Richmond, Calif., known for its history as a shipbuilding center during the Second World War, now handles a wide mix of cargo, and is especially known for its Point Potrero Marine Terminal where Auto Warehousing Co. has a facility.
A European Union court on Tuesday struck down a 2013 decision by the European Commission to block the parcel giant’s planned takeover of Netherlands-based express carrier TNT Express, which was later acquired by UPS arch rival FedEx.
Maersk and IBM said they intend to work with a network of shippers, freight forwarders, ocean carriers, ports and customs authorities to build the new global trade digitization solution, which is expected to go into production later this year.
However, volumes carried by Latin American airlines fell 4.1 percent year-over-year in January, as the region continues to be blighted by weak economic and political conditions.
The Japanese ocean carrier could face a fine of as much as 10 percent of its annual revenues for its alleged involvement in a price-fixing scheme for auto shipping in South Africa, according to multiple media reports.
The U.S. International Trade Commission has determined that domestic manufacturers of stainless steel sheet and strip are harmed by imports of this product from China.
The widening of the basin entrance now allows for bigger vessels to pass through safely and efficiently.
The two non-vessel operating common carriers will begin consolidation in Prague by supplying full-container-load and less-than-container-load services to the freight forwarding community.
The appointment of outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of Class I railroad CSX is still contingent on a shareholder vote over $84 million in benefits and equity awards he forfeited by leaving CP six months ahead of schedule.
An oft overlooked aspect of M&A activity is the compliance history the acquiring company inherits
After talks between the Class I railway and hedge fund Mantle Ridge to install outgoing Canadian Pacific Chief Executive E. Hunter Harrison seemed to stall out in the past few weeks, negotiators may be nearing a deal, according to Bloomberg.
