The Austin, Texas-based publisher and intelligence company said that although pirate attacks will continue to decline, maritime threats, such as militant attacks, will still pose a considerable challenge to global shipping companies.
Freightos establishes global rate calculator
The freight rate marketplace provider unveiled an algorithm-based tool for ocean, air and trucking modes that can be integrated through an application programming interface (API).
Bennett International Group launches new logistics firm
McDonough, Ga.-based transportation and logistics company Bennett International Group established BOSS Engineered Logistics to provide more neutral third-party logistics solutions.
Tropical Shipping alters Canadian service
The shipping company said it will drop a call at the Port of Saint John in New Brunswick in favor of a call at the Port of Halifax in Nova Scotia on a loop connecting Canada to Florida and the Caribbean.
Radiant Logistics posts increase in net income
Bellevue, Wash.-based Radiant Logistics saw revenues for the quarter ending Sept. 30 fall 9.5 percent from the comparable prior year period to $191.5 million.
NRF: U.S. container imports expected to rise as holiday peak season begins
Major container ports in the United States handled 1.6 million TEUs in September, down 6.6 percent from August and 1.6 percent from September 2015, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associ…
Report: China sentences 49 to prison in Tianjin explosion cases
Courts in Tianjin Municipality sentenced 24 company managers and staff and 25 government officials for crimes related to the August 2015 warehouse explosion that killed at least 165 people and caused $1 billion in damage, according to media reports.
UPS to build west-side Atlanta sorting facility
Express carrier UPS said it will invest more than $400 million to build a 1.2 million-square-foot regional package sorting facility on Atlanta’s west side.
Commentary: Demonizing free trade agreements
Although free trade deals can cause short-term job losses, the long-term economic gains far outweigh the costs and missed opportunities on the U.S. trade front will unfortunately be felt throughout the economy.
Rand Logistics posts sharp drop in net income, revenues
The Jersey City, N.J.-based bulk freight shipping services provider reported net income applicable to common stockholders for the fiscal year 2017 second quarter, which ended Sept. 30, tumbled 77.5 percent year-over-year to $2.6 million.