The struggling South Korean ocean carrier recently removed vessels from two services between Asia and North Europe, according to data from ocean carrier schedule and capacity database BlueWater Reporting.

Recently purchased APL parent Neptune Orient Lines couldn’t cut costs fast enough to compete in an increasingly commoditized market, chief executive Ng Yat Chung said in a surprisingly candid interview with Singapore’s Strait Times.

The jump in April export volumes was driven by chemicals, machinery and oil, according to the Office for National Statistics.

Although one might expect bad service to be the primary reason for switching suppliers, this is not the case in the container shipping industry, Xeneta CEO Patrik Berglund explained.

U.S. Customs and Border Protection launched a one-year pilot program last month, which allows commercial trucks to prepay single-crossing user fees online prior to arrival at three different land ports of entry.

The $0.40 dividend announced by the FedEx Corp. board of directors could be a signal of the company’s transition from a growth stock to a yield stock, according to a report from investor news service Seeking Alpha.

The international financial institution lowered its outlook for global growth as business spending sags in advanced economies, while commodity exporters in emerging markets struggle to adjust to low prices.

The third-party logistics provider acquired natural gas tractors and opened a pallet distribution hub outside Paris.

Turkish port operator Yilport Holdings AS is acquiring chemicals and petrochemicals storage and port company Solventas for over $200 million.

The South American nation’s chicken producers have not purchased any corn from the United States so far this year over concerns that Brazil’s stringent regulations on genetically modified organisms threaten to hold up shipments.