Maersk Line names HR chief, while the American Waterways Operators elects chairman and vice chairman and Greencarrier Freight Services appoints COO.
CEVA narrows Q1 loss despite revenue decline
The non-asset based supply chain management provider posted a net loss before taxes of $35 million for the first quarter of 2016, compared to a $77 million loss the previous year, despite revenues dropping 11.8 percent year-over-year to $1.57 billion.
HHLA upgrades container rail terminal
The logistics provider and terminal operator’s rail terminal at the Port of Hamburg’s Container Terminal Altenwerder will undergo a project to add two more tracks, increasing the rail terminal’s annual handling capacity by 17.7 percent.
Hanjin lenders agree to restructuring deal
The troubled South Korean ocean carrier received approval from seven lenders to restructure debts and will now turn its focus to restructuring ship chartering agreements.
Oceania retailer to use LLamasoft for supply chain modeling
Brisbane, Australia-based Super Retail Group will use the supply chain design software provider’s modeling tools to improve forecasting and demand planning capabilities.
Maersk Group profits plunge 83.5% in first quarter 2016
Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
FMC convenes Supply Chain Innovation Team
A Federal Maritime Commission working group of industry leaders is meeting for the first time to address chronic problems freight movement in the ocean supply chain.
Port of Oakland extends nighttime operations
SSA Marine’s Oakland International Container Terminal, which has operated nights and Saturdays for two months to ease pressure on busy weekday cargo operations, will stay open three nights a week in a during a four-week trial.
Freight marketplace Haven nabs $11m in new funding
The global freight procurement platform, which recently added track and trace functionality, said it will use the funds to broaden sales efforts in Asia and Europe.
XPO takes another loss, but grows pre-tax income in Q1 2016
XPO Logistics is still digesting several recent acquisitions, resulting in short-term transaction costs that belie its underlying operating performance, according to CEO Bradley Jacobs.