The world’s two largest container shipping carriers, Maersk Line and MSC, are launching new weekly services on the transpacific trade in the wake of Hanjin Shipping filing for receivership in Korea last week.

Online freight rate marketplace Freightos told American Shipper that eastbound transpacific rates have shot up 50 percent since Hanjin filed for bankrutpcy last week.

The third-party logistics provider has named James Gagne as president, effective Jan. 1, taking over for William Wascher.

The cargo airline commenced a daily non-stop service between Los Angeles and Hong Kong.

The German auto-maker’s truck and bus division will establish a joint venture with engine manufacturer Navistar International in an effort to collaborate on the development of new technologies in the sector.

Net orders for North American Class 8 trucks totaled 14,000 units in August 2016, a 36 percent improvement from July, but a 35 percent decline from the same 2015 period, according to freight transportation analyst FTR.

Judge John Sherwood of the U.S. Bankruptcy Court for the District of New Jersey moved to recognize receivership proceedings in South Korea for the now insolvent ocean carrier Hanjin Shipping.

The Dubai, United Arab Emirates-based port terminal operator won a 30-year concession for the development of a multi-purpose project at the Port of Berbera in the Republic of Somaliland, the company said in a statement.

Limestone shipments on the Great Lakes slipped 13.5 percent year-over-year in August to 3.4 million tons.

The U.S. Foreign Agricultural Service said China has decided that vessels originating from the United States, other than the state of Florida, do not require disinsection certification.