Colona, Ill.-based Tennant, which has been in business for more than 70 years, is known for its transport of over-dimensional construction and agricultural equipment.
China COSCO Shipping pledges not to carry shark fins
The newly merged shipping conglomerate formed from the former companies COSCO and China Shipping has agreed to stop carrying shark fins on their ships, which are used as an ingredient in a popular soup served at banquets in China.
CBP steps up Jones Act enforcement capability
U.S. Customs and Border Protection has created a dedicated team to monitor violations of coastwise shipping rules as supporters tout the Jones Act’s homeland security benefits.
CLK Cold Storage Company opens warehouse in Vietnam
The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
ATA appoints new senior management team
Leadership changes at the American Trucking Associations continued under new President and CEO Chris Spear, as the industry group named new executive vice presidents of legal affairs, communications and public affairs, and advocacy.
REZ-1 acquires cloud-based logistics solutions provider
REZ-1, Inc., a provider of asset management, equipment reservation, billing and reload services to the domestic intermodal industry, has agreed to purchase cloud-based logistics and transportation management solutions provider International Asset Systems.
Panalpina profits fall more than 50% in first half 2016
The Swiss-based global freight forwarder reported net earnings fell to 21.8 million Swiss francs (U.S. $22.11 million) from CHF45.3 million the previous year, due primarily to onetime costs from a capacity realignment in the company’s oil and gas division.
G6 Alliance merges Asia-U.S. West Coast loops
Ocean carrier members of the G6 Alliance revealed their CC1 and CC2 services, which are dedicated to the Asia-U.S. West Coast trade, will be merged until further notice.
Commentary: To outsource, or not to outsource freight payment auditing?
Shippers who don’t audit their freight invoices prior to paying them are throwing money away and losing the benefit of data analysis, according to Garry Oswald, VP of Sales & Marketing at National Traffic Service.
Drewry: Ocean shippers should be wary of freight rate rebound
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.