Norfolk Southern said in a statement it is better off sticking with its existing strategy, adding that it thinks a merger of that size would have faced slim odds of being approved by regulators.
NLRB upholds decision against ILWU slowdown in Portland
Following the National Labor Relations Board ruling, ICTSI Oregon, operator of Portland’s sole container terminal, is calling on the International Longshore and Warehouse Union to get the facility back to full productivity.
Spot container rates drop again after surging last week
Although rates from Shanghai to the Mediterranean rose 24.6 percent since last week, rates from Shanghai to Northwest Europe sank 50.4 percent.
Ocean carriers exchange slots on Asia-U.S. East Coast loops
ZIM will join the CKYHE Alliance’s AWE1 and AWE8 services, while Hanjin will join the Israeli ocean carrier’s Z7S service later this month.
Virginia chassis pool launches new billing platform
Hampton Roads chassis pool will use IAS to develop ChassisManager, which is designed to bring the beneficial cargo owners into the billing equation based on based on their carrier- or merchant-haulage contracts.
FTR: November Class 8 truck orders drop 59%
Net orders for North American Class 8 trucks tumbled 59 percent year-over-year in November, according to preliminary data from freight forecaster FTR Transportation Intelligence.
SITC launches intra-Asia CTX5 loop
The shipping company commenced the CTX5 service last week between Hong Kong, China and Southeast Asia.
NCSP Group net profits skyrocket in 2015
The Russian port operator and stevedoring company posted net profits of $156.5 million on consolidated revenues of $654.7 million for the first nine months of 2015.
UPS to work with India last-mile logistics collective
UPS’s agreement with Connect India is intended to give small businesses and artisans access to the parcel giant’s global reach though a network that reaches more than 8,000 small towns and semi-urban areas.
Executive Moves: 3GTMS and CEVA Logistics
3GTMS has appointed a new chief operating officer, while CEVA Logistics names contract logistics manager for Iberia region.