About 2,000 pilots that work for five DHL Express network cargo carriers in North America authorized a strike action in advance of parent company Deutsche Post DHL Group’s annual shareholder meeting Wednesday.
Executive Moves: DB Schenker, XPO Logistics, CEVA and GAC North America
Schenker Inc. gains new U.S. CEO and XPO Logistics appoints chief transformation officer, while CEVA Logistics picks aerospace VP and GAC North America names regional commercial director for oil and gas.
BNSF operations chief to retire in August
Greg Fox, executive vice president of operations at BNSF Railway, will be succeeded by current Senior Vice President of Transportation Dave Freeman, effective June 1, 2016, but will stay with the company through August to facilitate the transition.
Tulsa Port of Catoosa completes major dock renovation project
The inland river port’s reconstructed 720-foot dock is equipped with a 200-ton bridge crane and over 6,000 track feet of new rail.
Special coverage: Will liner shipping see further consolidation?
A sense of what the container shipping industry may look like a year from now has started to emerge as ocean carriers seek to avoid a financial wreck from overcapacity and low freight rates.
Great Southern Shipping to commence China-Australia loop
The new shipping line will commence a new service between China and Australia, which will deploy five ships with a nominal capacity of 5,000 TEUs.
More container cargo moving with NVOCCs
Approximately 37.5 percent of imports to the United States were contracted by non-vessel operating common carriers in the first quarter of 2016, according to research firm Datamyne.
Rivigo leans on technology to dominate trucking in India
Founded by former McKinsey & Co. consultant Deepak Garg, Rivigo Services deploys Internet-connected trucks loaded with sensors that feed information to coders who use that data to cut travel times and improve reliability.
Maersk stock jumps 24% as ‘Perfect Storm’ warning ends
Since a February low, total returns on shares of A.P. Moeller-Maersk A/S have climbed 24 percent despite declining oil and freight rates, and as of Tuesday, only four of 29 analysts recommended selling the stock.
Crude oil rebounds to near seven-month high
Oil prices have advanced more than 80 percent from a 12-year low earlier this year on signs the global glut will ease thanks to supply losses in Canada and Nigeria and production declines in the United States.