Keeping its customers intact was a priority for DSV A/S following the Danish supply chain specialist’s $1.35 billion purchase of third-party logistics provider UTi Worldwide in January, according to Group Chief Executive Officer Jens Bjoern Andersen.
Commentary: Why the Baltic Dry’s 62% gain is bad news for shipping
There’s reason to hope that spring has arrived for the ocean freight industry, with one measure of the demand side rebounding from a record low, but the supply side is still a “horror show,” according to Bloomberg commodities columnist David Fickling.
AAPA highlights gap between federal, local investment in ports
United States port authorities and private companies plan to invest six times more in ports through 2020 than the federal government, according to a recent survey from the American Association of Port Authorities.
SOLAS container weight rule to be discussed at Congressional hearing
The House subcommittee on Coast Guard and Maritime Transportation will hear testimony on April 14 about the International Maritime Organization’s controversial verified gross mass requirement, which goes into effect July 1.
Mercator acquires revenue management products developer
Dubai-based Mercator, a provider of solutions to the global travel, transportation and logistics industry, has acquired Seattle, Wash.-based Revenue Management Systems.
United no longer seeking additional Newark airport slots
United Continental Holdings has abandoned plans to buy 24 takeoff and landing slots from Delta Air Lines at Newark Liberty International Airport, the U.S. Justice Department said Wednesday.
South Korean firm fined $750,000 in oil water discharge case
Doorae Shipping will also make a community service payment of $200,000 after pleading guilty to charges that it failed to maintain an accurate oil record book and made false statements to the U.S. Coast Guard concerning the discharge of oily bilge water.
ITC studies U.S. aluminum industry, trade
The U.S. International Trade Commission has launched a study of the aluminum industry in the United States and its place within the global aluminum trade.
Atlas Air completes Southern Air purchase
Air cargo aircraft operator Atlas Air Worldwide Holdings has completed its $110 million acquisition of Southern Air Holdings, a provider of intercontinental and domestic crew, maintenance and insurance services.
Port of Ogdensburg undergoes $2.6m expansion
The northern New York port will undergo a project this year that involves the addition of two grain storage bins, a new conveyor system and the rehabilitation of two rail bridges.