The ocean carrier has opened a 49,702-square-foot warehouse in Jacksonville, Fla. this week and will open another 45,580-square-foot warehouse in Jacksonville Oct. 1 to serve its full and less-than-containerload customers.
COSCO Pacific to acquire Istanbul container terminal for $940m
The port terminal operator, in partnership with China Merchants Holdings International and CIC Capital, has agreed to purchase a majority stake in Kumport Terminal at the Ambarli Port Complex in Istanbul, Turkey.
Cargo volumes drop again at HKIA
Airfreight throughput at Hong Kong International Airport fell for the sixth straight month in August 2015.
HighJump develops craft brewery supply chain tools
Software company HighJump is targeting the fast growing craft beer makers with solutions designed to ease their specific omnichannel and fulfillment requirements.
Tulsa Port of Catoosa reports August volumes
A total of 155,990 tons of cargo moved through the inland river port via barge in August, according to the most recent figures from the port.
Shippers sound alarm over PTC deadline
With railroads not able to meet the December 2015 compliance deadline for positive train control, an extension is needed, according a letter sent to every member of the House Transportation and Infrastructure Committee this week.
Shipper size matters in port diversification choice
Mid-size importers are not likely to shift cargo from the West Coast of the United States to East Coast ports because it is cost prohibitive, according to logistics expert Stephen Craig.
Information sharing to help take down maritime piracy
A group of international trade associations and law enforcement agencies want to find ways to better share data to respond more efficiently to pirate attacks against merchant ships.
APMT CEO: Container terminals remains a ‘fundamentally attractive’ industry
Industry growth will necessitate 60 additional container terminals per year, and APM Terminals is looking at opportunities in all different types of cargo, according to Chief Executive Officer Kim Fejfer.
Japan Post seeks to raise$11.6 Billion in IPO
The state-owned logistics company received approval last week for an initial public offering that could be the country’s biggest since NTT Docomo Inc. went public in 1998, according to reports from the Wall Street Journal.