The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.
The inability to agree on a long-term highway bill led Congress in July to pass a six-month extension of Transportation Department programs that will expire at the end of the month.
Stock in the hardwood flooring retailer jumped up 16.6 percent after the company announced it had settled a Department of Justice investigation related to foreign timber imports.
Rates from Shanghai to North America, Europe, and Mediterranean fell again this week.
Spot container rates from Shanghai to Northwest Europe and the Mediterranean have steadily dropped since Sept. 4., according to the Shanghai Containerized Freight Index.
The AT1 service, jointly operated by ocean carriers Hapag-Lloyd, OOCL and MSC, and the AT2, jointly operated by Hapag-Lloyd and OOCL, will change their rotations in November.
United States beef export volumes fell 18 percent to 84,167 metric tons, while pork export volumes fell 1 percent to 160,719 metric tons and lamb export volumes fell 27 percent to 586 metric tons for the month.
The U.S. International Trade Commission is preparing to make changes to the HTS’s product categories based on those recently prescribed by the World Customs Organization.
Thermo King, a manufacturer of transport temperature-control systems and a subsidiary of Ingersoll Rand, has acquired Ireland-based Celtrak.
Thirteen technical and community colleges received $2.3 million in truck diver training grants through the FMCSA’s Commercial Motor Vehicle – Operator Safety Training program.
The Portland, Ore.-based logistics services provider expanded its direct less-than-containerload ocean freight service from Asia to the Southwest United States Oct. 5.
The cargo segment of American Airlines will offer a new leasing program for the CSafe Global RKN, effective Nov. 1.
The Roadrunner Transportation Systems, Inc. company will open a new office in Seattle, Wash.
The Danish firm’s acquisition of third-party logistics provider UTi is the latest in a string of international mergers in the 3PL industry this year.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says “the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009.”
Ocean carrier APL will launch a new service between North Asia and the West Coast of the United States Nov. 1 that will feature some of the most competitive transit times in the trade.
The less-than-truckload carrier will enter into an alliance with third-party logistics provider Mallory Alexander International Logistics, LLC to enhance its ocean forwarding offering.
The new, 13,300-deadweight ton vessels feature two cranes with a combined lifting capacity of up to 900 metric tons, with delivery to begin in the summer of 2017 and continue throughout 2018.
Data from shipment management software provider CargoSmart finds CKYHE carriers saw no transpacific vessels calls at four key U.S. ports delayed by more than 12 hours, outperforming the other major alliances during the four-week period examined.
