Following the recent collapse of Hanjin Shipping, “there will be a wave of consolidation” in the industry and CMA CGM could participate even after its recent purchase of APL parent Neptune Orient Lines, according to vice chairman Rodolphe Saadé.
According the Associated Press, the U.S. Treasury’s Office of Foreign Assets Control has granted permission to Boeing and Airbus to export commercial aircraft to Iran.
The firm’s maritime investment subsidiary will sell a portfolio of eight 8,500-TEU container vessels to an unnamed Asian finance syndicate, which plans to continue to use the ships for charter operations.
Six armed men boarded the 1,708-TEU containership Windhoek yesterday while it was at anchor in West Africa, stealing money and valuables before fleeing the scene, according to a report from maritime news outlet Splash 24/7.
MacAndrews and OPDR will acquire 4,000 new 40-foot pallet wide high cube containers.
The master developer and regulator of ports and industrial zones in Abu Dhabi saw a boost in net profits and revenues for the first half of 2016, and the amount of new land leased at the Khalifa Industrial Zone rose by 50 percent from a year ago.
The air cargo space wholesaler opened a new office in Miami, which will handle local cargo, as well as transshipments from its global network on their way to South America.
The global real estate services firm has been named the exclusive leasing agent for a 244,000-square-foot warehouse in Jacksonville’s Southside submarket.
The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.
The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.
The Memphis, Tenn.-based integrator posted a net income of $715 million on revenues of $14.7 billion for the first quarter of fiscal year 2017, which ended Aug. 31, year-over-year increases of 3.3 percent and 19.5 percent, respectively.
Edward Greenberg, the association’s general council, said the Federal Maritime Commission’s revision would offer “much needed flexibility” to non-vessel-operating common carriers when including rate and surcharge changes in their service arrangements.
The Oakland International Container Terminal decided to make night gates permanent, financed through a $30 fee on all loaded import and export containers through the port.
In addition, the private equity firm launched a fully-owned subsidiary to manage shopping centers in India, focusing on turning around underperforming malls in the country.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 141.8 for the month, up 5.7 percent from July and 5.9 percent compared with August 2015, following a 2.1 percent decrease the previous month, according to American Trucking Associations.
Shipment volumes in August 2016 were relatively flat from the previous month, but expenditures slid 3.3 percent, while both were well below 2015 levels, according to the latest Cass Freight Index Report.
The Greenbrier Companies, Inc. names president for Greenbrier International, while Transervice Logistics appoints New England business development director and Hoyer picks new Chemilog director.
The National Retail Federation, along with a coalition of 120 retail, manufacturing and agriculture groups, sent a letter to U.S. Secretary of Commerce Penny Pritzker asking her to continue to work towards a swift resolution for shippers.
The pilots of cargo plane operator Atlas Air Worldwide Holdings told the company they have “serious concerns” with the way a proposed contract with online retailer Amazon is currently being handled.
The Memphis, Tenn.-based integrator’s subsidiaries – FedEx Express, FedEx Ground and FedEx Freight – will increase shipping rates Jan. 2, 2017.
