A Seoul court pushed back the deadline for receiving a rehabilitation plan for Hanjin Shipping from Dec. 23 to Feb. 3, according to South Korea’s Yonhap News Agency.
UPS starts Columbus package facility expansion
Atlanta-based shipping and logistics provider UPS said it will invest more than $175 million to expand its main Columbus, Ohio ground package hub, which is located on 90 acres on the city’s west side.
Inland waterway groups name officers
Officers were elected this week to head the Waterways Council and National Waterways Foundation.
Executive Moves: Union Pacific and Suttons Group
Union Pacific appoints three senior executives, while Suttons Group names managing director of international operations.
ZPMC boosts cranes to work big ships at Port of Los Angeles
Ten cranes at APM Terminals’ Pier 400 at the Port of Los Angeles are being lifted higher to reach across mega-size container vessels being deployed on the transpacific shipping lane.
PMSA to publish container dwell times at ports of L.A./Long Beach on monthly basis
The Pacific Merchant Shipping Association will start publishing the average container dwell times at 12 marine terminals in the ports of Los Angeles and Long Beach on a monthly basis to help supply chain efficiency efforts.
SCFI falls 1.3%
The Shanghai Containerized Freight Index fell 1.3 percent from last Friday to a reading of 825.10.
Ford changes plans for production shift to Mexico
The automaker said it will keep open a production line for one of its models at a Kentucky plant instead of relocating it to Mexico and President-elect Trump hailed the decision.
CMA CGM posts $268m loss in Q3
However, the French ocean carrier said it has fully repaid a loan used to acquire Neptune Orient Lines and its APL container shipping subsidiary.
Analysts weigh in on Infor’s Koch funding
Most anticipate Koch’s $2 billion infusion in Infor will enable it to target larger customers with its cloud-based approach, centered around its GT Nexus commerce platform.