Executive Moves: Union Pacific and Suttons Group
Union Pacific appoints three senior executives, while Suttons Group names managing director of international operations.
Union Pacific appoints three senior executives, while Suttons Group names managing director of international operations.
However, the French ocean carrier said it has fully repaid a loan used to acquire Neptune Orient Lines and its APL container shipping subsidiary.
Truck trailers orders reached 20,200 units in October, 72 percent over the previous month, but down 38 percent year-over-year, according to industry analyst FTR.
BNSF Railway Co. and Kansas City Southern will offer a new joint intermodal service connecting shippers in the Chicago and Dallas/Fort Worth areas, as well as other major markets along BNSF’s rail lines to the Kansas City Southern de México network.
The National Customs Brokers and Forwarders Association of America said it supports the proposal by U.S. Customs and Border Protection to electronically publish notices of liquidation, along with suspensions and extensions of liquidations.
NYK Ports acquired a 20 percent share in Maher Terminals, which operates the largest terminal at the Port of New York and New Jersey.
The Honolulu-based ocean carrier said the two vessels will be the first of their kind to serve the Hawaii-Mainland trade lane, operating fully on liquefied natural gas from day one in service.
With the addition of the East Midlands Airport, the London Stansted Airport and the Copenhagen Airport, Etihad Cargo now has nine freighter destinations in Europe.
NEHDS Logistics names president, while CVI International appoints VP of business development and sales.
The Taiwanese government announced a $1.9 billion aid package for the country’s shipping industry, which both Yang Ming and Evergreen Line would be eligible for.
A new supply chain analytics benchmark study from American Shipper found that manufacturers are relying on analytics based on historical data almost twice as much as retailers and LSPs.
Michael Webber, a senior analyst at Wells Fargo Securities, cautioned the surge in freight rates and shipping stock prices seen in recent days may be “transitory.”
The 2M Alliance’s new TP3/Sequoia will commence Dec. 9 from Chiwan and will provide 12-day transits from Ningbo to Long Beach.
The Southern California port handled 581,808 TEUs in October, down 6.2 percent from a year prior.
The Boulder, Colo.-based supply chain technology provider 10-4 Systems will provide real-time tracking of products and raw materials to the nation’s largest brewery.
Marken, a global provider of supply chain services to the life sciences industry, said the new operational hub in Chicago is its sixth hub in the United States.
The Global Shippers’ Forum and the World Shipping Council square off on whether regulation of the container industry needs to be tightened.
The Southern California port handled 814,575 TEUs in October, marking the busiest month ever at a Western Hemisphere container port, according to data from the American Association of Port Authorities.
The Australian Competition and Consumer Commission’s case against Japanese ocean carrier “K” Line stems from alleged cartel behavior surrounding the shipping of automobiles to Australia between July 2009 and September 2012.
At least 10 Union Pacific train cars, one of which was filled with flammable materials, went off the tracks early Friday morning outside the southern Minnesota town, prompting a precautionary evacuation in the area, according to local media reports.