The Korea Development Bank and other lenders have agreed to give the Korean shipping conglomerate a three-month debt extension, according to multiple local media reports.
The new module allows blended optimization of fleet and dedicated capacity with for-hire capacity in a single workflow through the transportation management software provider’s flagship LeanTMS product.
The container manufacturer and terminal operator’s revenues, on the other hand, fell 8.3 percent year-over-year in 2015 to $798.2 million.
The French ocean carrier earlier this month commenced its West Med-East Med service, which operates with four CMA CGM containerships.
The joint venture company, which was formed by COSCO Pacific Limited and PSA Corporation Limited, is investing in new container berths in Singapore to serve the next generation of mega containerships.
A Flirtey drone was able to maneuver around buildings in an uninhabited residential setting in Hawthorne, Nev. to deliver a package in the first Federal Aviation Administration-approved test in the United States.
The e-commerce giant said the planned 822,104-square-foot facility in Edgerton, Kan. will create 1,000 full-time hourly positions, as well as opportunities for management and support roles.
The new rail bridge over the Göta Älv River in Sweden will increase capacity significantly, boosting Swedish imports and exports, according to Gothenburg Port Authority CEO Magnus Kårestedt.
The package delivery company and logistics provider relies heavily on customer-facing and systems technology, and the new campus is designed to enhance innovation by co-locating technology professionals in one site.
Dayton Freight Lines names VP of legal, while Virgin Atlantic Cargo appoints U.S. regional sales manager and Vnomics picks chief technology officer.
The investment bank’s transportation services research team projects higher earnings per share for several of the North American Class I railways, but stock prices have gone up to reflect a less dour industry outlook.
Lower per barrel prices pushed down the value of crude oil shipped to and from the United States by vessel and pipeline within North America, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
The integrated logistics provider posted net profits of 53 million Kuwaiti Dinars (U.S. $176 million) in 2015 on revenues of 1.3 billion Kuwaiti Dinars, according to the company’s most recent financial statements.
Automated aerial vehicles offer a faster, cheaper, and safer way to carry out bridge inspections, monitor traffic and conduct aerial surveys, according to the American Association of State Highway and Transportation Officials.
Heavy fuel oil leaking from the TS Taipei, which ran aground March 10 and split in two late last week, has contaminated approximately 1.24 miles of coastline in northern Taiwan, according to local media reports.
The United States economy grew 1.4 percent in the fourth quarter of 2015, double the government’s original estimate, while durable goods orders continued to slow, according to figures from the U.S. Department of Commerce.
The new weekly China Russia South service operated by Hyundai Merchant Marine, FESCO and CMA CGM merges two prior loops.
The Massachusetts Port Authority on Thursday authorized staff to execute a Project Partnership Agreement with the U.S. Army Corps of Engineers and the Massachusetts Department of Transportation to start deepening Boston harbor.
The cargo-dedicated airline saw net profits after tax increase to $49 million for the full year in 2015, compared with $3 million in 2014.
The U.S. Surface Transportation Board is seeking public comment on its proposal to revoke existing class exemptions from railroad transportation regulations on certain commodities.
