Allianz Group’s dedicated carrier for corporate and specialty insurance business, Allianz Global Corporate & Specialty, launched a dedicated transportation and logistics unit in North America today.
Yusen upgrades Duisburg site to handle dangerous goods
The third-party logistics provider launched a new operation for the storage and distribution of dangerous goods at its site in Duisburg, Germany.
Designs on bigger things for LLamasoft?
The supply chain design software provider has acquired two competitors this year – does it have plans to become more than just a provider of network modeling solutions?
Ocean shipping industry set for next wave of consolidation
Neptune Orient Lines, parent of liner company APL, has confirmed it has entered into talks with CMA CGM and Maersk about a potential sale, while COSCO and China Shipping told FMC Commisioner William Doyle they are in the “beginning stages of a merger.”
FMC reviews 8 OTI license applications
The U.S. Federal Maritime Commission has received eight ocean transportation intermediary license applications and changes for review.
NEWS FLASH: Container shipping entering another round of consolidation?
Chinese carriers COSCO and China Shipping told the Federal Maritime Commission they are in the beginning stages of a merger, while Bloomberg reported CMA CGM has entered into talks to buy APL parent Neptune Orient Lines.
Maersk Group reports lower Q3 profits, revenues
The Danish shipping conglomerate attributed the decline to lower freight rates at Maersk Line and lower oil prices for Maersk Oil, leading the company to downgrade its full-year profit projection for 2015.
USTR publishes full text of TPP agreement
Free-trade supporters and opponents alike have eagerly waited for the Trans-Pacific Partnership document, which includes detailed charts showing negotiated reductions in tariff rates by commodity and when they go into effect, to be made publicly availa…
Ships facing delays transiting Panama Canal
The Panama Canal Authority is providing scant details on delays carriers are facing transiting the waterway, attributing them to increased vessel traffic and fog.
Spot container rates fall back to earth on major trades
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell 31.8 percent and 19.7 percent, respectively.