The Senate approved the short-term FAA bill, which was passed in the House of Representatives Monday, just one day before federal aviation funding was set to expire.
Swift Transportation Company’s board of directors earlier this week also approved the repurchase of up to $100 million of the company’s outstanding Class A common stock.
An undeclared consignment of handguns that was on its way from Mumbai, India to the Democratic Republic of Congo was discovered in a United Nations shipment on board the Höegh Transporter.
The minority investment from Goldman Sachs will be used to fund numerous technology developments and growth initiatives, and Goldman Sachs will be given one seat on the supply chain software company’s board.
The logistics industry is “facing an unprecedented labor shortage” for which 79 percent of 3PLs are unprepared, according to a new study from Penske Logistics.
Ocean carrier MOL, which owns 16.5 percent of Daichi, is projecting a loss of approximately $209 million as a result of the bankruptcy.
The asset-light transportation and logistics service provider has extended its existing credit facility from $550 million to $700 million through 2019.
The Port Authority of New York and New Jersey announced the completion of a $400 million JFK Airport runway modernization project designed to help reduce delays, improve safety and increase the surface’s lifespan.
The parcel and logistics giant opened a new contract logistics facility in North Warwickshire, situated in the Midlands region of the United Kingdom.
Cathay Pacific Cargo and Emirates SkyCargo announced they will both add one additional flight to Ohio’s cargo-dedicated Rickenbacker International Airport in October.
DHL Global Forwarding said the primary reason for opening its new center in Mörfelden-Walldorf, Germany was that it needed a larger facility near Frankfurt to handle growth in temperature-controlled airfreight.
Robert Kukla GmbH Internationale Spedition, a logistics company based out of Munich, Germany, announced it will establish subsidiary Smartchain Logistics Nordics AB Oct. 1.
The Swiss-based airfreight handling services provider announced it will become Oman Air’s cargo handling agent for the airline’s direct flights from Zurich, Switzerland to Muscat, Oman.
Philadelphia Regional Port Authority executive director and Mersey Maritime CEO announce retirements, while Sparrows Point Terminal names VP of finance.
“Supply chain has to be at the forefront of every enterprise in the world, especially ones that are consumer-facing,” Starbucks CEO Howard Schultz said Monday at the Council of Supply Chain Management Professionals’ annual conference in San Diego.
The planned Nov. 2 rate hike will be FedEx’s second in nine months, according to multiple media reports.
The U.S. Government Accountability Office said in a report issued Friday CPFA requirements have increased the overall cost of shipping food aid by an average of 23 percent from April 2011 through fiscal year 2014.
The Israeli carrier will add a westbound Ashdod call and remove a westbound Port Kelang call on its joint EMX loop with OOCL, and will add Xingang and Qingdao calls to its AME loop.
With the House speaker’s departure, many business groups are left to wonder about the likelihood of passing various trade and transportation bills in a deeply divided Congress.
The parcel and logistics giant will offer direct access to its global service network, customs brokerage and management services to customers in the Jiangsu, Shandong, Zhejiang, Guangdong provinces, and the Chongqing Municipality.
