Michael Webber, a senior analyst at Wells Fargo Securities, cautioned the surge in freight rates and shipping stock prices seen in recent days may be “transitory.”
The investment arm of the conglomerate Koch Industries took about a 25 percent stake in Infor, which bought supply chain software maker GT Nexus in 2014.
The U.S. Department of Agriculture’s Foreign Agricultural Service on Tuesday announced an awarding of $200 million to numerous producer and trade organizations to help expand export markets for the country’s agricultural commodities and products.
The Georgia Ports Authority said almost one-third of its fleet of container stacking machines (45 out of 145), manufactured by Konecranes, have been purchased with or converted to, electric power capability.
The 2M Alliance’s new TP3/Sequoia will commence Dec. 9 from Chiwan and will provide 12-day transits from Ningbo to Long Beach.
The Southern California port handled 581,808 TEUs in October, down 6.2 percent from a year prior.
The digital ocean container quoting and booking tool 45HC.com will use the ocean freight technology provider INTTRA to provide its users with booking and track and trace tools.
The International Air Cargo Association appointed Vladimir Zubkov as its new secretary general, who was most recently vice president of the Volga-Dnepr Group.
Officials from the United States and Peru met last week to discuss the progress made to address illegal logging, challenges that remain, and how both countries can work together and individually to address those challenges.
The Boulder, Colo.-based supply chain technology provider 10-4 Systems will provide real-time tracking of products and raw materials to the nation’s largest brewery.
Marken, a global provider of supply chain services to the life sciences industry, said the new operational hub in Chicago is its sixth hub in the United States.
Despite an election in which anti-trade rhetoric played a key role, President Barack Obama said Americans favor open trade under the right conditions.
The port authority’s board of commissioners approved two contracts worth $217 million for 86 rail-mounted gantry cranes, with 60 of the cranes going to Norfolk International Terminals and the additional 26 cranes going to Virginia International Gateway.
The Global Shippers’ Forum and the World Shipping Council square off on whether regulation of the container industry needs to be tightened.
The freight tracking software provider has received a shot in the arm from Susquehanna Growth Equity to boost product development and its geographic footprint.
The Southern California port handled 814,575 TEUs in October, marking the busiest month ever at a Western Hemisphere container port, according to data from the American Association of Port Authorities.
The Australian Competition and Consumer Commission’s case against Japanese ocean carrier “K” Line stems from alleged cartel behavior surrounding the shipping of automobiles to Australia between July 2009 and September 2012.
At least 10 Union Pacific train cars, one of which was filled with flammable materials, went off the tracks early Friday morning outside the southern Minnesota town, prompting a precautionary evacuation in the area, according to local media reports.
The Port of Wellington’s general cargo and container wharf gates will remain tentatively closed through Nov. 22, but its oil terminal reopened today.
The Seattle-based airline became the first commercial carrier to power a flight with a mix of biofuel made from wood waste.
