The global ocean transport operator opened a new office in Dubai, United Arab Emirates, which will provide local customers with tramp and project cargo shipping solutions.
West Calcasieu Port re-elects board president for another term, while Broekman Logistics appoints managing director of its breakbulk terminal operations.
The legislation, which would extend federal highway and infrastructure spending until Nov. 20, now goes to the Senate for approval in advance of the Oct. 29 expiration of current funding.
Teamster President James P. Hoffa is scheduled to participate in a press conference at 10 a.m. Pacific Time and plans to walk the picket line with drivers at the ITS Marine Terminal in the Port of Long Beach today.
The parcel and logistics giant expects its $1.8 billion acquisition of asset-light truckload brokerage and third-party logistics provider Coyote Logistics, completed during third quarter 2015, to create more than $100 million of synergies.
The German ocean carrier is expected to price shares at the bottom of its initial range of 23 euros to 29 euros per share, according to multiple media reports.
The Justice Department on Monday said Alexander Posobilov, Shavkat Abdullaev and Anastasia Diatlova were convicted of illegally exporting controlled microelectronics to Russia.
The asset-light transportation and logistics service provider anticipates third quarter 2015 revenues will be between $490 million and $500 million, down from previous projections of $530 million to $555 million.
The United States imported 2.77 million net tons of steel in September, a month-over-month decline of 9.4 percent and a year-over-year drop of 29 percent.
A delegation from the port met in Tehran, Iran with various ministries, petrochemical organizations and private companies to discuss Iran’s ambitions in shipping and commerce and the role the Port of Antwerp could play in those objectives.
United Arab Shipping Co. has appointed Stuart Sandlin, formerly a vice president of sales at Hapag-Lloyd America, as president of its North American organization.
The Israeli ocean carrier is adding a call to Limassol, Cyprus to its ADX service, which currently operates between Israel, Slovenia, Italy and Albania.
Iron ore shipments on the Great Lakes totaled 5.6 million tons in September, a year-over-year drop of 20.6 percent.
Intellect Technologies will cooperate with Tokema International to give market entry and international sales services to Intellect’s carrier and 3PL customer base.
The third-party logistics provider reached an agreement with major cosmetics retailer Sephora to manage the inbound, warehousing, outbound and reverse logistics processes to its stores throughout Brazil.
Sparrows Point Terminal names VP of development and Kerry Logistics picks Europe managing director, while Troy Container Line appoints team leadership and The Nautical Institute taps COO.
Both companies provide detailed international trade volume data, and executives say the combined company plans to create the most robust global trade information platform worldwide.
The German ocean carrier, which is in midst of an initial public offering on the Frankfurt stock exchange, reiterated its revenue and earnings projections after competitor Maersk Line trimmed profit expectations Friday.
The Netherlands-based parcel carrier has made “substantial progress” toward clearing European regulatory hurdles related to its acquisition by FedEx Corp., according to CEO Tex Gunning.
The express carrier is preparing to move upwards of 317 million shipments between Black Friday, Nov. 27, and Christmas Eve, a 12.4 percent year-over-year increase in seasonal volumes.
