The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
CDPQ Infra has signed an agreement to acquire the aerial structure leading to Central Station in Montreal from Canadian National Railway and use the station as an intermodal hub for its REM public transportation network.
Under a new five-year agreement, Atlas Air Worldwide Holdings will provide FedEx Express with five 747-400 freighter aircraft during peak flying season, which generally takes place in December but can occur earlier in the year.
The International Air Cargo Association is looking for a new secretary general after Doug Brittin notified the board that he plans to leave in December.
The Council of Supply Chain Management Professionals will honor J.B. Hunt, Henry Ford and Malcom McLean for their pioneering leadership in the supply chain arena.
Major freight railroads in the United States employed 152,718 workers as of the middle of July 2016, up 0.19 percent from the previous month but down 10.71 percent year-over-year, according to data from the Surface Transportation Board.
The Jacksonville, Fla.-based Class I railway will place more, longer trains, as well as run them faster, on its tracks between Seymour and Butlerville, Ind., the company said in a statement.
Evergreen Line and “K” Line will be joining the Asia-ISC dedicated PMX loop, which will soon be changing its ports of call, while the two carriers will also launch the PIX/PM2 loop, in conjunction with COSCO, PIL and Wan Hai.
The Atlanta, Ga.-based parcel giant launched a $300 million expansion that will increase the size of its Centennial package facility in Louisville, Ky. to 838,000 square feet and nearly double the current sorting capacity to 85,000 packages an hour.
Parts manufacturer Delphi Automotive has joined forces with Mobileye, a developer of computer vision systems focused on the automotive industry, to develop a fully automated driving solution by 2019, according to a joint statement from the companies.
Shanghai Pudong Int’l Airport Cargo Terminal, the largest airfreight handling services provider at Shanghai Airport, in the first seven months of 2016 saw volumes grow 2 percent to 919,461 metric tons compared with the same 2015 period.
The bicycle and cycling product manufacturer and distributer selected a range of trade and logistics automation products from software maker Amber Road.
The cargo airline has expanded its international long-haul cargo sales and management agreement with counterpart airline, Virgin Australia Cargo.
Chinese e-commerce solutions provider Baozun Inc. created Baotong E-logistics, a wholly-owned warehousing and logistics subsidiary.
project44 has appointed chief IT architect and VP of global sales, while the Transportation Intermediaries Association names marketing director.
The Northern Sea Route, which can cut 12 to 15 days off voyage times between Asia and North Europe compared to the traditional Suez Canal routing, is currently only usable during the summer season, but could be open year-round by 2020.
The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
The German ocean carrier said its merger with UASC will create the world’s fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor’s protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.
