About 180 unionized Korean Air pilots seeking a 29 percent pay increase began a 10-day strike yesterday, causing the airline to cancel 148 passenger and cargo flights on domestic and international routes.
The transaction closed Wednesday and made Marken a wholly-owned subsidiary of UPS.
The Honolulu-based shipping company also announced this week that it raised $75 million through a private placement of 11-year final maturity senior unsecured notes.
Air Canada appoints chief commercial officer, while the Transportation Marketing & Sales Association names membership committee chairman and Hill Dickinson further expands its marine practice.
In attempts to push back against the campaign to turn independent owner-operators in the port drayage industry into employees, the statewide trucking trade association filed a lawsuit last week against various state officials and agencies.
The Memphis, Tenn.-based integrator posted a net income of $700 million on revenues of $14.9 billion for the second quarter of fiscal year 2017, which ended Nov. 31, year-over-year increases of 1.3 percent and 19.2 percent, respectively.
Hanjin Shipping’s plans to sell its stake in Total Terminals International to Terminal Investment Ltd. was approved Tuesday by a Seoul District Court and is now pending approval from U.S. authorities.
CargoNet and AFN Logistics compiled a list of the top ten counties in the United States with the highest amount of reported cargo thefts between July 1, 2013 and July 1, 2016.
Mac R. Behnke Rentals got into an accident while transporting a shipment for Denso, damaging some of the cargo, and a court said the dispute would have to be resolved by a “fact finder” in trial and not in a summary judgement proceeding.
The seasonally adjusted For-Hire Truck Tonnage Index jumped 8.2 percent to a reading of 142.4 compared with the previous month, following a revised 0.3 percent drop in October, according to the American Trucking Associations.
The Hong Kong-based third-party logistics provider has agreed to purchase the freight forwarding business of customs broker and forwarder Bofill & Arnan, the company said in a statement.
The global terminal operator signed a memorandum of understanding with the Ukrainian Government for the development of Chornomorsk Port.
Crane Worldwide Logistics hires regional sales manager for its U.S. West region, while Overseas Shipholding Group names new president and CEO and Wilhelmsen Ships Service appoints general manager for Wilhelmsen Huayang Ships Services China.
While a host of technology startups have adopted Uber-like models to tackle automated freight matching in the trucking industry, in the last two months, Uber themselves and Amazon have jumped in the fray.
The U.S. Surface Transportation Board has approved a petition from Genesee & Wyoming Inc. to acquire the Providence & Worcester Railroad Co., subject to certain conditions, according to a filing from the agency.
Billionaire Carl Icahn’s investment firm has agreed to sell the rail equipment manufacturer to a Chicago-based subsidiary of Japan’s Sumitomo Mitsui Financial Group in a deal that could be worth up to $3.36 billion, the company said in a statement.
The South Korean liner carrier, which reported a profit of 297 billion South Korean won on revenues of 1.078 trillion won for the third quarter of 2016, is reportedly planning to buy five containerships and three or five oil tankers.
Analysts have speculated ZIM could be the next firm swept up in the wave of consolidation in the ocean shipping industry, but the Israeli carrier has outright rejected the idea it is looking to sell its global operations.
The ExpressRail Port Jersey facility will be located adjacent to the recently expanded GCT Bayonne container terminal and is scheduled for completion in mid-2018.
The independent containership owner and manager agreed to pay $5.2 million for each of the four 4,275-TEU containerships.
