The Danish ocean shipping giant officially closed its acquisition of north-south specialist carrier Hamburg Süd on Wednesday, with Dr. Arnt Vespermann superseding Dr. Ottmar Gast as the new chief executive officer Hamburg Süd.
Southern California transport agencies raise concerns about tax reform proposals
A letter to Congress from a coalition of transportation agencies from across Southern California cites several ways that the proposed legislation could negatively impact the regional transportation industry.
Judge orders drayage provider to reclassify contract port drivers as employees
An Administrative Law Judge has ruled that Intermodal Bridge Transport’s practice of “misclassifying employees as independent contractors” is an “unfair labor practice” and a violation of their rights under the National Labor Relations Act.
SCFI rises 3.8%
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
Trucking companies boycott PortMiami terminal due to delays, slow turn times
The boycott of Port of Miami Terminal Operatoing Co. (POMTOC) began last week as trucking companies have racked up tens of thousands of dollars in demurrage fees and hours of wait times, according to a report from the Journal of Commerce.
Shipbuilder forum: Industry needs different vessel designs, more innovation
Carbon emissions, safety and cyber security were at the top of the agenda at last month’s meeting of the Tripartite Shipbuilding Forum, which attracted over 100 delegates and was hosted by the China Classification Society in Nantong, China.
IATA: Airfreight volumes rise 5.9% in October
Global airfreight volumes rose 5.9 percent in October from 12 months prior, while capacity ticked up 3.7 percent, according to the latest data from the International Air Transport Association (IATA).
Panama Canal increases daily Neopanamax vessel reservations
The seven daily booking slots for Neopanamax vessels are offered in addition to the 23 slots available daily for transit through the Panamax locks.
GLP shareholders back privatization plan
The planned $11.7 billion sale of Global Logistic Properties (GLP), a Singapore-based provider of logistics facilities, received overwhelming shareholder support on Thursday, according to a statement from the company.
InstaFreight snags $9.5m in series A funding
The Berlin-based digital forwarding startup has closed an 8 million euro (U.S. $9.5 million) series A funding round with a private investment company.