The Wilmington, Ohio-based aircraft leasing and air cargo transportation services provider’s loss resulted from charges for the warrants granted last year in connection with operating and lease agreements with Amazon Fulfillment Services.
Gebrüder Weiss acquires Tyrolean multimodal provider
Austrian transport and logistics company Gebrüder Weiss has acquired Kapeller Internationale Spedition, further expanding its operations in the Tyrol region.
Maersk, Danske Bank partner on joint software venture
The Danish shipping giant and Denmark-based bank are awaiting approval from the European Commission to begin operations under a new joint venture called GateTu to provide customers with payment services and solutions for digital platforms.
Foiling Chinese subsidies
The Commerce Department will impose countervailing duties on U.S. imports of aluminum foil from China, after determining that Chinese exporters have received government or “countervailable” subsidies in the range of 16.56 percent to 80.97 percent.
IBM’s Watson coming to a supply chain near you
IBM has been working since last fall on teaching the supercomputer Watson the ins and outs of the gloabl supply chain, IBM Supply Chain Analytics Global Lead Rob Allan said at this year’s Global Supply Chain Excellence Summit at USC.
Yang Ming reports smaller loss in Q2 2017
The Taiwanese ocean carrier reported revenues of $1.1 billion for the second quarter of 2017, with volumes increasing 6.8 percent year-over-year to 1.15 million TEUs, according to the company’s latest financial statement.
U.S. Navy issues solicitation to haul damaged Fitzgerald back to United States
The U.S. Navy is looking to haul the warship back to the United States for repairs, following its June collision with an NYK Line containership in Japanese waters that claimed the lives of seven U.S. sailors.
Trade Trends: Brexit bully pulpit
In negotiating the terms of the United Kingdom’s exit from the European Union, the EU may look to send a signal to other member nations that leaving the union is far more trouble than it is worth.
NTSB adds documents to El Faro investigation docket
The National Transportation Safety Board has added two additional reports that clarify the original voyage data recorder (VDR) transcript from 2016 and says it has up to four more additions for the docket by the end of the year.
Port of Virginia cargo volumes up 7.5% in July
Terminals at the Port of Virginia handled 234,230 TEUs last month, a 7.5 percent increased compared with the same month a year ago, despite a 2 percent dip in exports.