Deployed capacity from Asia to the West Coast of South America will decrease by 15 percent by the end of the year compared to the middle of December as a result of the termination of the WLX/SA2 and the merger of the Andes and AN2/ACSA2 services.
Port of Seattle to begin wharf improvement
Terminal 5 in Seattle is having its dock strengthened and deepened, with the design phase scheduled to begin after the New Year.
Furniture importer to pay $15 million for duty evasion
Texas-based University Furnishings has agreed to pay $15 million to resolve a lawsuit brought under the False Claims Act that it evaded duties on furniture imports from China.
AirBridgeCargo reports strong growth in 2015
The Moscow, Russia-based cargo airline handed 439,000 tons of cargo during the first 11 months of 2015, a 20 percent year-over-year increase.
U.S.-flag lakers to undergo major upgrades in 2016
U.S.-flag vessel operators on the Great Lakes have committed over $110 million in 2016 to maintain and upgrade their vessel fleets.
DHL launches multimodal service between China, Turkey
The forwarder established the Southern rail corridor, a multimodal service between China and Turkey that occupies a critical juncture within the Silk Road Economic Belt.
Qatar Airways to add freight flights to Dallas
The airfreight carrier will utilize Boeing 777F freighter aircraft to fly the route two times per week from DFW Airport, a large market for air cargo, to Liege, Belgium.
EU court overturns airline cartel fines
The second highest court in the European Union has reversed a prior European Commission decision to impose over $850 million in fines on 12 airfreight carriers for alleged anti-competitive behavior.
SingPost stock drops following CEO’s resignation
Singapore Post Limited Group Chief Executive Officer Wolfgang Baier stepped down abruptly on Dec. 10, according to a statement from the company.
ACP: Expanded Panama Canal ‘inauguration’ expected in Q2 2016 despite delays
The Panama Canal Authority has yet to select a commercial opening date, but says it will be “soon after the inauguration” of the widened waterway following transit trial tests with a chartered vessel via the Atlantic locks in April.