The cargo-dedicated airlines entered into a partnership agreement for code-share cargo flights between Italy and Japan, which is still subject to approval from the relevant aviation authorities.
GRI Roundup: Maersk Line and Hapag-Lloyd
Ocean carriers Maersk Line and Hapag-Lloyd issued general rate increases.
Executive Moves: Finnair and Unicon Logistics
Finnair taps new VP of cargo, while Unicon Logistics appoints sales executives for Southern California.
AS Survey: U.S. East Coast ports outperforming West Coast counterparts
Survey of 60 shippers, carriers, LSPs and brokers rated Savannah and Charleston as the top performing ports in the United States, while Oakland was received the worst scores in chassis availability and overall port performance.
TOTE establishes fund for families of El Faro crew
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
NTSB to use submersibles to look for El Faro wreck
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an “as needed” basis in advance of its final report.
SingPost acquires U.S.-based e-commerce logistics provider
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.
Port directors visit Capitol Hill to advocate freight investment
The inability to agree on a long-term highway bill led Congress in July to pass a six-month extension of Transportation Department programs that will expire at the end of the month.
Lumber Liquidators settles DOJ illegal import suit
Stock in the hardwood flooring retailer jumped up 16.6 percent after the company announced it had settled a Department of Justice investigation related to foreign timber imports.
Spot container rates continue to tumble
Spot container rates from Shanghai to Northwest Europe and the Mediterranean have steadily dropped since Sept. 4., according to the Shanghai Containerized Freight Index.