The third-party logistics provider opened a 33,000-square-foot temperature-controlled distribution center in Phnom Penh, Cambodia.
Danaos sees net income surge, revenues slip
Meanwhile, the Athens-based containership owner and chartering company struck a charter rate reduction deal with South Korean ocean carrier Hyundai Merchant Marine.
CJ Korea Express acquires 50% stake in Chinese logistics firm
The South Korean shipping and logistics firm will invest 480 million Chinese yuan renminbi for a 50 percent share of Shenzen Speedex Commercial Service, a subsidiary of Chinese electronics manufacturer TCL, according to an announcement from TCL.
21 Air ready for take-off
The new Greensboro, N.C.-based airfreight carrier received clearance from the U.S. Department of Transportation to begin scheduled domestic and international service using its two 767-200ER aircraft.
Great Lakes shipyard faces $1.4m in OSHA penalties
Superior, Wis.-based Fraser Shipyards has been accused of exposing workers to hazardous conditions during the six-month retrofit project of a 690-foot freighter.
NAFTA trade falls for 17th straight month
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped another 3.1 percent year-over-year in May 2016, according to the Bureau of Transportation Statistics.
AirBridgeCargo President Ilin resigns
Denis V. Ilin is stepping down from his position as executive president of the airfreight carrier after three years, in accordance with mutual agreements, parent company Volga-Dnepr Group said in a statement yesterday.
WTO’s Trade Facilitation Agreement’s numbers grow
The World Trade Organization said Peru and Saudi Arabia have become the latest members to ratify the global trade body’s Trade Facilitation Agreement.
Special Coverage: The tech-first freight broker
The Mountain View, Calif.-based transportation procurement technology startup Cargo Chief uses a technology-forward model that is aimed at rethinking the broker-carrier-shipper relationship.
U.S. Customs delays air cargo security rulemaking again
The Advanced Air Cargo Screening pilot program has been analyzing pre-departure shipment data from voluntary participants for over five years, but U.S. Customs said it wants to iron out details before promulgating a rule for the entire air cargo industry.