The Memphis, Tenn.-based integrator will invest 200 million euros to expand its airfreight logistics center at Paris Charles de Gaulle Airport and has signed a 30-year lease agreement with a total rental value of 1.2 billion euros, the company said today.
OPDR launches short-sea service to U.K., Norway
CMA CGM’s Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) has introduced a new short-sea liner service that connects Rotterdam to the United Kingdom and Norway, called the PENN service.
NYK, Bolloré form auto-handling joint venture in Kenya
Japanese liner carrier NYK has entered into a joint venture with Bolloré Transport & Logistics Kenya Ltd. and Toyota Tsusho Corp. to set up Bolloré NYK Auto Logistics Ltd., a logistics company to handle finished cars for the Kenyan market.
WFS to handle Pakistan airline’s U.K. cargo
Worldwide Flight Services has entered a three-year contract to provide cargo-handling and trucking services for Pakistan International Airlines in the United Kingdom.
DB Schenker, Lufthansa Cargo on track with goal to reduce carbon emissions
Logistics service provider DB Schenker and Lufthansa Cargo, the logistics unit of German airline Deutsche Lufthansa AG, said they are well on track to achieve their joint goal of reducing carbon emissions by 20,000 tons by 2020.
FMC reviews 25 OTI license applications
The U.S. Federal Maritime Commission has received 25 ocean transportation intermediary license applications and changes for review.
Freight Rate Roundup: Maersk, CMA CGM and Hapag-Lloyd
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued freight rate increases on various trades.
CBP to modernize notice of liquidation
Notifying importers of their final duty calculations on entries would be handled online rather than by mail or checking paper documents at the Customs house under a proposed regulatory change from the U.S. Customs and Border Protection.
COSCO acquires minority share in Vado port terminals
The port terminal operator arm of COSCO Shipping has purchased a 40 percent stake in the Vado Ligure port reefer terminal, as well as a container facility expected to open in 2018, from APM Terminals for a total consideration of 53 million euros.
CMA CGM hires Delville as group CFO
The French ocean carrier has appointed Michel Delville, former CFO of high-tech battery manufacturer Saft Group, to replace outgoing Chief Financial Officer Michel Sirat, according to a statement from the company.