Union Pacific and DB Schenker appoint senior executives, while Episcale hires two former American Airlines Cargo executives and Avianca’s CEO steps down.
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.
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.
St. Louis-based Transport United has acquired North & South Logistics, a North Carolina-based freight broker for an undisclosed amount.
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.
Hapag-Lloyd names new chief commercial officer, while the Long Beach Board of Harbor Commissioners elects new officers and AMI appoints Africa region VP.
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.
Members of the ocean carrier alliance announced they will add calls to Gothenburg and Antwerp to their Loop 7 service between Asia and Europe.
The third-party logistics provider increased net income and revenues by 15.1 percent and 3 percent, respectively, in the first half of 2015 compared to the same period last year.
The U.S. Department of Transportation’s Maritime Administration is providing $500,000 to Sandia National Lab for the study of a high-speed hydrogen fuel cell vessel as a clean energy alternative.
The trucking company’s revenues dropped in the second quarter year-over-year, but its balance sheet remains strong.
The ocean carrier announced plans to invest over $30 million in new equipment following its May 29 acquisition of Horizon Lines.
The containership owner accepted the first in a series of 14,000-TEU vessels being chartered to ocean carrier Yang Ming.
Construction began on Container Terminal 4 at Jebel Ali Port, which will increase the port’s capacity to 22.1 million TEUs by 2018.
Express carrier UPS said it has entered agreements to obtain up to 46 million gallons of hydrocarbon-based fuels over the next three years, a 15-fold increase over earlier contracts.
Columbus, Ohio’s Rickenbacker International Airport handled about 102 million pounds of cargo in the first half of 2015, a 40 percent increase over the same period last year.
