Union Pacific and DB Schenker appoint senior executives, while Episcale hires two former American Airlines Cargo executives and Avianca’s CEO steps down.
The parcel giant’s acquisition of Chicago-based freight brokerage is intended to leverage Coyote’s freight optimization technology and network of 35,000 carriers and 12,000 customers.
Neptune Orient Lines, parent of ocean carrier APL, is “totally focused” on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
Descartes will link trade compliance data and documentation from its Global Logistics Network to SAP’s transportation management application for better shipment visibility for SAP’s TM customers.
The U.S. Department of Commerce’s Bureau of Economic Analysis also revised a previous prediction of a 0.2 percent decrease in first quarter gross domestic product to a 0.6 percent increase.
The asset-light trucking and logistics company saw a decrease in less-than-truckload revenues offset by pricing increases, while its truckload segment surpassed earnings and margins expectations.
The ITC said that six years after implementing EIAP Dominican Republic, apparel manufacturers have found little benefit to participating in the trade program.
The South Korean shipbuilder attributed the heavy second quarter losses primarily to a 2.3 percent decrease in overall revenues from last quarter.
HNA Group Co. has agreed to acquire the airport ground handler from PAI Partners SAS for $2.81 billion.
Ocean carrier APL announced its joint ACX/NAE service with Maersk subsidiary SeaLand will drop its call at Miami in favor of a call at Port Everglades.
The less-than-truckload carrier, a favorite among analysts, continued its run of strong financial results from April through June, with a near 15% increase in operating profits and a quarterly record for revenues.
St. Louis-based Transport United has acquired North & South Logistics, a North Carolina-based freight broker for an undisclosed amount.
The integration enables Aljex customers to link directly to 10-4 System’s platform, where companies can find and book available loads with a preset list of carriers.
The truckload freight and logistics provider reported an 18.1 percent decrease in net income to $44 million in the second quarter of 2015 compared to last year’s second quarter.
The express delivery company introduced a new flight between its European air hub in Liege, Belgium and Tunis, Tunisia.
The cargo-dedicated airport plans to build a new air cargo terminal and a new air traffic control tower.
L.A.-based supply chain and global trade consultant will work with the online compliance portal on a series of webinars and seminars beginning in September.
Hapag-Lloyd names new chief commercial officer, while the Long Beach Board of Harbor Commissioners elects new officers and AMI appoints Africa region VP.
The House bill is another temporary funding measure for highway and transit programs that is designed to last until a long-term bill can be debated in September.
Senat Shipping claimed no wrongdoing or illegal activity on its part, and said the Treasury Departments action is a “misguided measure purely based on Senat’s historical dealings with OMM,” according to a report from Reuters.
