Deutsche Post DHL Group’s consolidated net profits (after non-controlling interests) fell 25.6 percent year-over-year to 1.5 billion euros on revenues that rose 4.6 percent to 59.2 billion euros compared with 2014.

Ports are catalysts for economic development, Secretary of Transportation Anthony Foxx and his colleagues said after visiting Tradepoint Atlantic, a 3,100-acre transportation and logistics hub being built on the grounds of the former Bethlehem Steel Mill.

After posting a $4.3 billion loss for 2015, Daewoo Shipbuilding & Marine Engineering Co., which just two years ago employed 55,000 workers, plans to further reduce its workforce from 42,000 to 30,000.

The record February volumes at the Southern California port reflected orders that were made prior to Lunar New Year lull, according to the Port of Long Beach.

The Trade Facilitation and Trade Enforcement Act of 2015 streamlines Customs and Border Protection procedures, reduces certain cross-border shipping costs, and strengthens enforcement of intellectual property rights, antidumping and countervailing duties.

The New Zealand port released a draft proposal for a new berth, which would require dredging and the construction of a new wharf.

Third party logistics services provider Dachser has set up a new central organization called Corporate Solutions, Research & Development to further develop industry-specific logistics solutions and bundle its research and development activities.

Once UPS’s package sorting and delivery facility in Herne is upgraded, it will have an operating area of 25,000 square meters and a package sorting capacity of over 36,000 pieces per hour.

The self-described ocean shipping e-marketplace late Wednesday night released details of a new tool aimed at helping shippers to comply with International Maritime Organization verified gross mass requirements.

The German ocean carrier will become a member of the Deutsche Börse index, a Blue Chip Equity Index composed of 50 small and medium-sized companies.