The South Korean ocean carrier signed a memorandum of understanding with Saigon Newport Corp. for the joint development of port and container depot facilities in Vietnam.
The United States increased its amount of beef, pork and lamb exports in terms of volumes and value in May compared to a year prior, according to data from the U.S. Department of Agriculture and the U.S. Meat Export Federation.
Janel Group, Inc. names new president, while the U.S. Army Corps of Engineers, Charleston District appoints new commander.
Under the terms of the deal, Chinese conglomerate COSCO Shipping will own 90.1 percent of Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, while Shanghai International Port Group will hold the remaining 9.9 percent.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
The National Customs Brokers and Forwarders Association has offered the Federal Maritime Commission myriad suggestions on how the agency rules applying to NVOs and forwarders should be amended or eliminated.
Meanwhile, President Donald Trump is currently attending the G20 Summit in Hamburg, where members – comprising 19 countries and the European Union – are discussing international trade, among other global issues.
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
Challenges associated with the ongoing deployment of larger containerships are resulting in higher terminal costs, and in some cases, poorer terminal service for the same volumes, according to industry analysts at a recent “Talking Freight” seminar.
Omron Adept’s mobile robots are already hard at work in warehouses around the world, but as sales increase, lithium ion battery transport regulations are becoming more strict up and more air cargo carriers are refusing to carry them.
State-run Chinese conglomerate COSCO Shipping Holdings is projecting a net income for the first half of 2017 of around 1.85 billion yuan (U.S. $272 million).
United States gross domestic product increased 1.4 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter but up from previous projections, according to the “third” estimate from the Department of Commerce.
The State Council of the People’s Republic of China held a meeting Wednesday in which guidelines were approved to take measures to reduce logistics costs and improve logistics efficiency.
United States railroads originated 1.07 million carloads and 1.11 million containers and trailers in June 2017, year-over-year increases of 4.4 percent and 4.6 percent, respectively.
Virgin Atlantic Cargo names head of global accounts and regional sales manager for the United Kingdom, while the Short Line Safety Institute selects its executive director.
German third-party logistics provider Rhenus Logistics has signed an agreement to buy Australian freight forwarding company and customs broker O’Brien Customs and Forwarding Pty Ltd. for an undisclosed price.
African airlines posted the largest year-on-year increase in demand of all the world regions in May 2017, with freight volumes growing 27.6 percent, according to the latest figures from the International Air Transport Association.
The settlement agreement, which resolves all legal issues related to allegations the Kuwait-based 3PL overcharged the Department of Defense while supplying food to U.S. military troops, will allow Agility to again pursue new U.S. government contracts.
Containership leasing giant Seaspan Corp. is continuing negotiations surrounding employment agreement modifications for Chief Executive Officer Gerry Wang and hopes to reach a deal before the end of July, the company said in a statement Friday.
