Although rates from Shanghai to Europe and the Mediterranean increased since last Friday, rates from Shanghai to the United States declined.
MOL decides to restructure organization
The Japanese shipping company has also submitted an application to establish a logistics subsidiary in India.
Port of Oakland to raise STS crane height at its largest marine terminal
The Port of Oakland will increase the height of four to six cranes at SSA’s Oakland International Container Terminal.
Special Coverage: Headwinds in the intermodal industry
After explosive growth in the last several years, could declining volumes be a sign of things to come?
Prologis, CBRE form joint venture to develop U.K. logistics properties
Prologis U.K. Logistics Venture will be 85 percent owned by CBRE clients and 15 percent owned by Prologis.
Kenco teams up with Smart Gladiator to launch mobile app
The Chattanooga, Tenn.-based third-party logistics provider said the app increases supply chain visibility by photo-documenting shipments to improve compliance and reduce costs.
Shippers decry ILA plan for port shutdowns
The Agriculture Transportation Coalition, National Industrial Transportation League and National Retail Federation expressed concerns over a threatened work stoppage at East and Gulf Coast ports by members of the International Longshoremen’s Association.
UPS updates financial outlook, objectives through 2019
Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S. and began testing a residential drone delivery system.
Central Freight Lines acquires assets of fellow LTL carrier
The Waco, Texas-based less-than-truckload common carrier’s purchase of certain assets of Wilson Trucking expands Central Freight Lines’ reach into the southeastern United States and Puerto Rico, the company said in a statement.
Port of NY/NJ box volumes drop 1.9% in 2016
The largest cargo gateway on the U.S. East Coast handled 4.56 million TEUs of loaded containers for the full year, a 1 percent decline from 2015 levels, according to recent data from the Port Authority of New York and New Jersey.