Los Angeles-based Virgin Hyperloop, formerly Virgin Hyperloop One, has raised more than $400 million in private capital since its founding in 2014.
DP World announced it has acquired Auburn Hills, Michigan-based supply chain solutions provider syncreon at an enterprise value of $1.2 billion.
Ongoing labor dispute has “paralyzed” port operations.
“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience,” Sultan Ahmed Bin Sulayem says.
The new class of container ships is part of HMM’s quest to achieve net-zero carbon emissions by 2050.
Global market uncertainty weighed down Canada’s largest container port in second half of 2019.
Purchase of Canadian port operations part of global strategy “to connect directly with customers to offer logistics solutions and remove inefficiencies in the supply chain to accelerate trade.”
DP World has been awarded a contract that will result in expansion of a container terminal in Jeddah, Saudi Arabia.
Fourth-largest ports operator sees tepid volume growth, but logistics provides offset.
A Chicago startup has proposed using crane rails to move containers in and out of terminals to ease congestion in the era of mega-ships.
