The global third-party logistics provider has opened a new branch office in Hanoi, Vietnam, as well as new facilities in Hong Kong and Mumbai, India, the company said in a statement.
PIL opens logistics center in Egypt
PIL Logistics Egypt Limited’s new facility offers warehousing, distribution, inventory management, value added service, and order fulfilment services.
CaroTrans starts Atlanta-to-Gothenburg LCL service
The non-vessel-operating common carrier said a Gothenburg-to-Atlanta service will launch next month.
Executive Moves: CLDA, ASPA, Port of Melbourne and The Nautical Institute
The Customized Logistics and Delivery Association picks new executive director and the Alabama State Port Authority names board chairman, while the Port of Melbourne selects CEO and the Nautical Institute appoints chief executive.
OOCL’s revenues tumble 13.8% in Q3
The Hong Kong-based carrier transported 5.2 percent more containers in the third quarter of 2016 compared to a year earlier, but average revenue per TEU for the quarter fell 18.1 percent year-over-year.
Kuehne + Nagel to use CargoSphere for rate management
The global freight forwarder will use CargoSphere’s ocean freight Rate Mesh network to drive access to more current, accurate rates and quicken its quoting capability to customers.
PwC: Logistics M&A activity ‘remains strong’ despite Q3 decline
Total deal volume and value in the transportation and logistics industry in third quarter 2016 fell 30 percent and 11 percent, respectively, from the previous quarter, according to a new report from PricewaterhouseCoopers.
Freight Rate Roundup: Maersk, CMA CGM and Hapag-Lloyd
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases on various trades.
MOL, NYK and “K” Line report six-month results
Japan’s three largest shipping companies, which have agreed to merge their container divisions, have reported their financial results for the first six months of the fiscal year ending March 31, 2017.
Japan’s ‘Big 3’ ocean carriers to merge in July
Japan’s three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.