The private equity firm, which is known for investing in logistics technology, has invested $255 million in BlueGrace Logistics, whose business is largely built around less-than-truckload brokerage and enterprise supply chain management services.

The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.

The Ocean3 Alliance, comprised of ocean carriers CMA CGM, CSCL and UASC, is dropping calls at Dalian and Zeebrugge on its FAL 1 service.

The air cargo handler began its contracts with Air India and Icelandair Aug. 1 and will start its services for Rossiya/Aeroflot Oct. 1.

Troy Container Line names less-than-containerload documentation manager, while the Transportation Marketing & Sales Association picks Education Committee chairman.

Starting Aug. 3, foreign-based non-vessel operators currently registered with the U.S. Federal Maritime Commission will receive an email alerting them of their upcoming renewal dates and how to renew their registration using the online filing system.

The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition in the liner shipping industry and falling freight rates.

The ocean shipping e-commerce platform saw first half transactions across its platform increase 17 percent year-over-year, compared to less than 4 percent growth in overall container volume through May.

The private equity firm, which is known for investing in logistics technology, has invested $255 million in BlueGrace Logistics, whose business is largely built around less-than-truckload brokerage and enterprise supply chain management services.

The service, which is designed for urgent, time-sensitive and high value international heavyweight shipments over 150 pounds, is now offered to 66 origin and 64 destination countries and territories.