Trade data technology provider Datamyne has been acquired by logistics and customs software maker Descartes in a $52.7 million deal intended to help Descartes’ customers make more informed supply chain decisions.
Cloudy crystal ball for container shipping in 2017
Despite mergers and acquisitions, the industry is still plagued by overcapacity, and cost for new entrants is low.
Kerlikowske finishes CBP tenure with praise on trade issues
U.S. Customs Commissioner Gil Kerlikowske had a steadying influence on trade matters, but a Trump administration could shake things up next year.
ZIM exits Transpacific Stabilization Agreement
The Israeli ocean carrier will withdraw from the Transpacific Stabilization Agreement Dec. 31, making it the fifth carrier to leave the group this year.
Spot container rates close out strong in 2016
Although the Shanghai Containerized Freight Index has remained stagnant over the past several weeks, the index is 68.6 percent higher than 12 months prior, and was especially boosted after Hanjin’s insolvency in August 2016.
Special Coverage: Tech-backed logistics providers target small and mid-sized retailers
From ShipBob’s 40,000-square-foot warehouse in Los Angeles, one can get a window into how small retailers can leverage the power of the internet to potentially compete with the scale of larger online marketplace sellers.
“K” Line files lawsuit against APL Logistics
The Japanese liner carrier said it has suffered considerable damage after some of APL Logistics’ employees disseminated false information about its financial health.
GPA posts boost in November box volumes
The Georgia Ports Authority handled more containers in November compared to 12 months earlier, thanks to a strengthening export market and a busy peak holiday season.
Executive Moves: Air Canada, TMSA and Hill Dickinson
Air Canada appoints chief commercial officer, while the Transportation Marketing & Sales Association names membership committee chairman and Hill Dickinson further expands its marine practice.
CBP seizes $50k in hazardous holiday lights, toys
U.S. Customs and Border Protection officers at the Port of San Juan, Puerto Rico found two shipments from China containing more than 1,400 hazardous toys and 3,500 unsafe Christmas light fixtures.