South Korea’s Hyundai Merchant Marine (HMM) has confirmed it will reenter the Asia-North Europe lane after a one-year hiatus as a vessel operator and order new ultra-large containerships this year that will likely be deployed in the trade once delivered.
XPO Logistics launches warehouse management platform
The global third-party logistics provider introduced WMx, a cloud-based, mobile software platform that creates a single solution for warehouse integration.
Waterways Council CEO critical of White House infrastructure plan
Mike Toohey, CEO of Waterways Council, Inc., said several elements of President Donald Trump’s plan, including the proposed decrease of federal dollars, will be “non-starters” in terms of gaining industry support.
Targeting the long tail
The wave of new freight forwarding software is starting to zero in on underserved segments, like smaller forwarders and those in overlooked developing markets.
Shipowner, officer convicted of illegal discharges
Sea World Management & Trading and Edmon Fajardo were convicted Monday of maintaining false and incomplete records related to oil and garbage discharges from a tanker that was operating off the Texas coast near Corpus Christi in early 2017.
CEVA’s loss widens in 2017 despite higher volumes, revenues
Third-party logistics provider CEVA Holdings posted a loss of $197 million in 2017 compared with a $159 million loss the year before, according to the company’s most recent financial statements.
GE Transportation lands $1b deal in Ukraine
GE Transportation will supply freight locomotives to Ukrainian Railways, as well as additional locomotive kits over 10 years, the rehabilitation of locomotives in the railway’s fleet, and long-term maintenance services.
Strong Q4, U.S. tax reform boost Expeditors’ profits in 2017
The Seattle-based third-party logistics provider posted net earnings of $489.3 million for the full year in 2017, a 14 percent increase from 2016, as revenues rose 7 percent to 2.3 billion, according to the company’s most recent financial statements.
CMA CGM ordering 12 more 14,000-TEU ships?
Several industry media outlets have reported that CMA CGM has placed an order for 12 newbuild container vessels that will be capable of running on liquified natural gas (LNG), but the French ocean carrier has declined to comment.
USTR calls on Peru to verify legality of 2017 timber exports
The Office of the U.S. Trade Representative said the U.S. and Peru have an “active record on engagement” in timber issues under their trade deal, but “serious concerns” regarding illegal logging in Peru remain, despite improvements in some areas.