Patrick Ottensmeyer has been named chief executive officer of the Kansas City, Mo.-based Class I railroad, effective July 1.
From the publisher’s desk: Playing the alliance game
Consolidation in the ocean shipping industry is causing drastic changes to the current carrier vessel sharing agreements, but how will it all play out? American Shipper CEO Hayes Howard discusses some of the possible alliance scenarios.
HSBC: Declining trade is bad for all, worse for emerging markets
Economists at HSBC Holdings PLC, who say the surge in protectionist measures that’s been shrinking global trade volumes is going to hit developing markets and their assets the hardest.
Lotte Group seeks to expand stake in Hyundai Logistics
A sale could help struggling South Korean shipping conglomerate Hyunda Merchant Marine raise cash as it attempts to restructure its massive debts.
European Parliament opposes lowering EU tariffs on China
The European Parliament signaled it would reject any proposal to lower Europe’s import tariffs against China, highlighting concerns that industries from steel to solar are vulnerable to a flood of Chinese shipments.
Executive Moves: SEKO Logistics, Kuehne + Nagel and Inchcape
SEKO Logistics appoints VP of network development, while Kuehne + Nagel’s global air freight head steps down and Inchcape Shipping Services names VP of North American operations.
U.S. challenges China in WTO over chicken trade
Lawmakers from key chicken production states, such as Delaware, Georgia and Arkansas, praised the Obama administration’s action to challenge China in the World Trade Organization.
OmniTRAX affiliate to buy Heart of Texas Railroad
An unnamed OmniTRAX affiliate is purchasing of the Heart of Texas Railroad, which operates 68 miles of track, running west from Lometa, Texas, where it interchanges with BNSF to Brady, Texas.
BNSF Logistics opens Mexico subsidiary
The intermodal third-party logistics service provider, itself a subsidiary of Berkshire Hathaway-owned Burlington Northern Santa Fe, LLC, launched BNSF Railway Servicios de Logistica based in Monterrey, Mexico.
ITS Logistics expands brokerage division offices
The third-party logistics provider said it will triple the office space for its fast-growing freight brokerage operations in downtown Reno, Nev.