Brambles, an international pallet and crate supplier operating under the brands CHEP and IFCO, has announced a number of sustainability measures that it aims to implement by 2020.
Executive Moves: CEVA Logistics and Coastal Cargo Co.
CEVA Logistics appoints VP for contract logistics business development, while Coastal Cargo Co. hires general manager for its Pascagoula, Miss. operation.
Hanjin, Sinokor launch intra-Asia service
The South Korean ocean carriers will commence the KH1/IHP loop this week between South Korea, Hong Kong, Vietnam and China.
Amazon to open fulfillment center at Logistics Park Kansas City
The e-commerce giant said the planned 800,000-plus square-foot facility in Edgerton, Kan. will create 1,000 full-time hourly positions, as well as opportunities for management and support roles.
BB&T: Class I railroads a ‘good news, bad news story’ for investors
The investment bank’s transportation services research team projects higher earnings per share for several of the North American Class I railways, but stock prices have gone up to reflect a less dour industry outlook.
Port of Gothenburg opens new rail bridge
The new rail bridge over the Göta Älv River in Sweden will increase capacity significantly, boosting Swedish imports and exports, according to Gothenburg Port Authority CEO Magnus Kårestedt.
CPT invests in new Singapore container berths
The joint venture company, which was formed by COSCO Pacific Limited and PSA Corporation Limited, is investing in new container berths in Singapore to serve the next generation of mega containerships.
Creditors agree to HMM debt extension
The Korea Development Bank and other lenders have agreed to give the Korean shipping conglomerate a three-month debt extension, according to multiple local media reports.
COSCO Pacific boosts profits 30.4% in 2015
The container manufacturer and terminal operator’s revenues, on the other hand, fell 8.3 percent year-over-year in 2015 to $798.2 million.
Executive Moves: Dayton Freight Lines, Virgin Atlantic Cargo and Vnomics
Dayton Freight Lines names VP of legal, while Virgin Atlantic Cargo appoints U.S. regional sales manager and Vnomics picks chief technology officer.