Cloud-based supply chain solutions developer ShipXpress has been acquired by GE Transportation, resulting in 200 employees from ShipXpress becoming a part of GE Transportation.
Net orders for North American Class 8 trucks totaled 14,000 units in August 2016, a 36 percent improvement from July, but a 35 percent decline from the same 2015 period, according to freight transportation analyst FTR.
The third-party logistics subsidiary of ArcBestSM agreed to purchase Sparks, Nev.-based truckload capacity provider Logistics & Distribution Services for $25 million, according to a statement from the company.
Ed Feitzinger, the former chief executive officer of freight forwarder UTi Worldwide, which was acquired in October by DSV, is now vice president of global logistics at Amazon.
The German auto-maker’s truck and bus division will establish a joint venture with engine manufacturer Navistar International in an effort to collaborate on the development of new technologies in the sector.
The third-party logistics provider has named James Gagne as president, effective Jan. 1, taking over for William Wascher.
The cargo airline commenced a daily non-stop service between Los Angeles and Hong Kong.
Limestone shipments on the Great Lakes slipped 13.5 percent year-over-year in August to 3.4 million tons.
Judge John Sherwood of the U.S. Bankruptcy Court for the District of New Jersey moved to recognize receivership proceedings in South Korea for the now insolvent ocean carrier Hanjin Shipping.
Judge John Sherwood of the U.S. Bankruptcy Court for the District of New Jersey moved to recognize receivership proceedings in South Korea for the now insolvent ocean carrier Hanjin Shipping.
Japanese container carrier Kawasaki Kisen Kaisha could be targeted by Singapore-based hedge fund Effissimo, the firm’s largest shareholder as of early August, according to recent media reports.
Despite the recent increase in rates on major east-west trade lanes, the container shipping industry “remains mired in troubled waters,” according to the ocean freight rate benchmarking and market intelligence provider.
The trade organization has called on terminals that are currently holding containers because of Hanjin’s financial troubles to release those containers immediately.
Datamyne provided American Shipper with statistics illustrating how some non-vessel-operating common carriers pulled U.S. import volume from Hanjin ships prior to August, while others ramped up their use of the financially stricken carrier.
Members of California’s congressional delegation asked the federal government to get involved in the Hanjin insolvency, and Rep. Loretta Sanchez said Hanjin’s stranded ships may have goods needed to keep U.S. assembly lines running.
Shipping demand for air transport grew more than 5 percent in July after months of flat to tepid growth.
The ocean carrier’s revenue declined to $3.5 billion ($3.3 billion excluding the contribution from NOL) from the $4.1 billion in the second quarter of 2015 as the persistent pressure on freight rates drove down average revenue per TEU.
The Wilhelmsen and Wallenius companies that have jointly owned Wallenius Wilhelmsen Logistics since 1999 created a new ownership structure designed to enhance management efficiency and enable better cooperation between their affiliates.
The U.S. International Trade Commission has approved antidumping duties be imposed on imports of cold-rolled flat steel products from Brazil, India, South Korea and the United Kingdom.
French ocean carrier CMA CGM, Hapag-Lloyd of Germany and Hong Kong’s OOCL issued general rate increases.
