LogFire’s cloud-based warehouse management software, which integrated as a partnership with Oracle last year, is intended to complement Oracle’s transportation management software.
U.S. exports reach $186.3b in July
The U.S. Commerce Department said the nation’s exports of goods and services increased from $182.9 billion in June to $186.3 billion in July, the largest monthly increase since the February-March 2014 period.
CSX projects weaker Q3 as domestic coal volumes decline
The Jacksonville, Fla.-based Class I railway said it expects third quarter earnings per share to decline slightly from last quarter due to high single-digit volume reductions from the same period a year ago.
Commerce initiates port community systems competition
The U.S. Commerce Department said it has launched a nationwide technology competition to help the country’s seaports and users to develop efficient port information-sharing technologies.
GE Transportation buys ShipXpress
Cloud-based supply chain solutions developer ShipXpress has been acquired by GE Transportation, resulting in 200 employees from ShipXpress becoming a part of GE Transportation.
ABF Logistics acquires asset-light TL broker
The third-party logistics subsidiary of ArcBestSM agreed to purchase Sparks, Nev.-based truckload capacity provider Logistics & Distribution Services for $25 million, according to a statement from the company.
Former UTi Worldwide CEO joins Amazon
Ed Feitzinger, the former chief executive officer of freight forwarder UTi Worldwide, which was acquired in October by DSV, is now vice president of global logistics at Amazon.
NEWS FLASH: U.S. bankruptcy court judge grants provisional relief to Hanjin
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.
Report: âKâ Line the next liner takeover target?
Japanese container carrier Kawasaki Kisen Kaisha could be targeted by Singapore-based hedge fund Effissimo, the firm’s largest shareholder as of early August, according to recent media reports.
Several NVOs played chicken with Hanjin situation
Datamyne provided American Shipper with statistics illustrating how some non-vessel-operating common carriers pulled U.S. import volume from Hanjin ships prior to August, while others ramped up their use of the financially stricken carrier.