The forwarder invested $1.5 million to construct a new service center adjacent to the Washington Dulles International Airport.
AFCO Shipping launches first ocean service
The Miami, Fla.-based cargo line commenced its first service, which operates between the United States and Central America with one container and general cargo vessel.
Maersk Line to eliminate 4,000 positions
In response to weak demand, Maersk has also cancelled options for eight containerships and could cancel eight more, according to the Danish shipping conglomerate.
Executive Moves: V3 Transportation and Port of Long Beach Board of Harbor Commissioners
V3 Transportation adds a senior advisor, while the Port of Long Beach Board of Harbor Commissioners names chief of staff.
Long-term transportation bill moves toward floor vote in House
The surface transportation reauthorization would cover six years and include $325 billion in funding for freight infrastructure projects, but critics argue STRR doesn’t address the growing gap between investment and available funds.
Radiant acquires Copper Logistics
Copper Logistics will transition to the Radiant brand and operate from the Radiant location near the Minneapolis/St. Paul Airport, according to a statement from the Bellevue, Wash.-based third-party logistics provider.
COSCO considering increased use of Northeast Passage
An executive of the ocean carrier commented on the seldom-used route after the Chinese general cargo ship Yong Sheng finished a round trip voyage between China and Europe by sailing through the Arctic waters of the Northeast Passage.
LLamasoft acquires supply chain software company
The supply chain design software provider has bought the supply chain design and optimization software products and team of South African conglomerate Barloworld for an undisclosed sum.
Seaspan Q3 net earnings fall despite increased revenues
The independent marine vessel owner and manager took delivery of two containerships during the third quarter of 2015.
Geodis finalizes OHL acquisition
The French logistics provider has received the necessary regulatory approvals and officially completed its purchase of Nashville, Ten.-based Ozburn-Hessey Logistics for an undisclosed sum, giving the company a stake in U.S. 3PL market.