The San Rafael, Calif.-based global logistics and transportation services provider will begin processing vehicles in Baltimore next month.
The ocean carrier alliance will suspend its Central China 1 loop for six weeks, which is dedicated to the transpacific trade, while the Central China 2 loop will add calls during those six weeks to provide additional coverage.
Choi Eun-young, former head of South Korean ocean carrier Hanjin Shipping, was summoned by prosecutors Wednesday over suspicions of insider trading.
The newly merged China COSCO Shipping Co. officially launched COSCO Shipping Energy Transportation Co. earlier this week and appointed Sun Jiakang to lead the bulk segment of China’s largest shipping conglomerate.
Shanghai Yigian Trading Company has acquired an 82.5 percent share in the struggling airport from German federal state Rhineland-Palatinate for an undisclosed sum, according to a statement from the state government.
Ports covered by the Global Port Tracker report handled 1.44 million TEUs in April, up 9.1 percent from March but down 4.6 percent from April 2015, according to the National Retail Federation and Hackett Associates.
Shipments from U.S. ports fell 8 percent year-over-year to 5.5 million tons in May, while loadings from Canadian ports tumbled 20 percent year-over-year to 556,000 tons.
The Cleveland, Ohio-based logistics solutions provider expanded its nationwide warehouse network with the opening of a 100,000-square-foot warehouse near the Port of Savannah.
The Suez Canal Authority has begun granting a 65 percent discount on tolls for all containerships sailing from East Coast North America ports south of Norfolk to Asian ports and 45 percent reduction from Port of Norfolk and north.
The plantiffs claimed the U.S. Coast Guard violated the Administrative Procedures Act in its rule-making procedure in developing the pilotage rates, which have jumped about 114 percent over the past 10 years.
Claude Mongeau, president and chief executive officer of Canadian National Railway, will be succeeded in his role by current Chief Financial Officer Luc Jobin after having surgery to remove a tumor from his throat in 2015.
The National Transportation Safety Board will attempt to retrieve the El Faro’s voyage data recorder in July, which is located in about 15,000 feet of water near the Bahamas.
The Port of Oakland’s largest marine terminal will continue night operations even after a port subsidy expires this month, but will assess a $30 flat-fee on all loaded import and export containers once the subsidy ends.
The container and railcar leasing company has acquired Hybrid Logistics, Inc. and its General Transportation Services, Inc affiliate, which are asset-light truck brokers with a focus on flatbed truck and over-dimensional shipments.
San Francisco, Calif.-based private equity investment firm Thoma Bravo said its purchase of the global supply chain solutions provider will allow Elemica to expand its client offerings by focusing its resources and investing in new technologies.
The port handled 55.6 million metric tons and 4.32 million TEUs during the first quarter of 2016, a year-over-year drop of 18.7 percent and 12.1 percent, respectively.
DHL Express Germany’s new 32.5 million euro (U.S. $36.88 million) logistics center at Hanover Airport in Germany consolidates the functions of two formerly separate sorting facilities into one 30,000-square-meter site.
The Cool Chain Association called for closer cooperation from shippers and other industry stakeholders in order to reach its goal of a 10 percent reduction in global food waste by 2025 at its annual Perishables Summit in in Barcelona, Spain.
The Japanese ocean carrier in 2015 had reduced carbon dioxide emissions from ships by 13.6 percent since 2011, well ahead of the targeted 10 percent reduction by 2019.
Transportation and logistics companies cut 500 jobs for the month, following revised increases of 10,100 in April and 5,700 in March, according to recent preliminary data from the U.S. Department of Labor.
