The third-party logistics provider’s new license allows the company to operate as a full fledged forwarder after operating in China for several years on a limited basis as an NVOCC.
Deutsche Post DHL Group reported consolidated net profits of 49 million euros for the third quarter of 2015, an 89.5 percent year-over-year decline, which primarily resulted from a decline in earnings before interest and tax.
Leaders from the BlueGreen Alliance and its allies discussed four ways in which the Trans-Pacific Partnership falls short at a press teleconference yesterday.
The Port of Long Beach set a record for container volumes in October, while the Port of Oakland reported declining overall volumes, but both ports reported a surprising lack of demand for imports by retailers.
Combined with the sweeping Trans-Pacific Partnership free trade agreement signed last month, the Chinese policy could help “ignite new trade,” according to Federal Maritime Commissioner Richard A. Lidinsky.
Orbis Investment Management has increased its stake in the acquisition-heavy third-party logistics provider from less than 4 percent to over 12 percent, according to a filing with the U.S. Securities and Exchange Commission.
General Electric and France’s Alstom have been awarded contracts of $2.6 billion and $3 billion, respectively, to help India modernize its outdated state-owned railroad network.
Chief Financial Officer Frank Lonegro reiterated the railway’s 2015 financial projections and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago Tuesday.
A total of 9.7 million tons of cargo were transported by U.S.-flag Great Lakes freighters in October, which represents a 13.7 percent decline from October 2014.
The Doha, Qatar-based cargo airline launched two routes this week between India and Qatar, both of which are dedicated to serving the pharmaceutical industry.
The Federal Aviation Administration has proposed a $68,000 civil penalty against City of Industry, Calif.-based Unical Aviation for allegedly violating the nation’s hazardous materials rules.
U.S. Customs and Border Protection seized over 5,000 pieces of counterfeit soccer apparel items near the Washington Dulles International Airport Nov. 2.
Centiro has named a VP for global sales, while the Ports of Indiana Commission has added a new member.
The ocean shipping industry would take a move of APL from one alliance to another in stride, according to Rolf Habben Jansen, chief executive officer of the German liner carrier.
China’s Ministry of Transport is also concerned about recent growth in shipping surcharges, according to the Federal Maritime Commissioner William P. Doyle, who recently returned from bilateral maritime talks in China.
Sensor analytics company Savi said the acquisition of 17.65 percent of its shares by SGS, a leading inspection, verification, testing and certification firm, will allow it to access new markets.
Usage of global trade management systems is the highest in the United States, at 46 percent, followed by Latin America at 37 percent, East Asia at 21 percent, and India at 16 percent, according to a new study by Thomson Reuters and KPMG.
Linda Morgan, a well-known Washington transportation attorney and former U.S. Surface Transportation Board chairman, died at the age of 64 on Nov. 4 after a long battle with breast cancer.
The ocean carrier alliance announced a voyage cancellation plan for services between Asia and North Europe and the Mediterranean.
The Netherlands-based logistics provider posted a 27 percent year-over-year increase in EBITDA despite a 13.1 percent decline in revenues for the third quarter of 2015.
