The French aerospace manufacturer has launched its U.S. base and operations of a new commercial drone startup, dubbed Airbus Aerial.
Executive Moves: Peel Ports, V. Group, AWO, IARW and WFLO
Peel Ports appoints head of container operations and deputy chief operating officer, V. Group names interim CEO, AWO elects new chairman and vice chairman, IARW announces new board of director’s chairman, and WFLO names new board of governor’s chairman.
Panama Canal transits up 7% in April
The Central American waterway saw 1,016 vessels pass through its locks for the month, a year-over-year increase of 7 percent from April 2016, according to data from the Panama Canal Authority.
Spot rates slip on major trades
Rates measured by the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell from Shanghai to Europe, the Mediterranean and the United States.
Hapag-Lloyd sinks deeper into the red
Germany’s largest container shipping company, which attributed its 42.8 million euro net loss for the quarter to higher bunker prices and lower freight rates, says its merger with UASC is expected to close by the end of May.
Oakland volumes grow 4% in April
The Port of Oakland says the trend towards bigger containerships means that even though fewer vessels are calling the port, volumes are increasing, diesel emissions are down, and berths are less congested.
“K” Line to merge ship management subsidiaries
The Japanese ocean carrier will consolidate two ship management subsidiaries in July 2017 in an effort to , “K” Line said in a statement.
Schneider profits drop 20% in Q1
Trucking carrier Schneider National expects improving market conditions in the second half of 2017 driven by an improved freight market and electronic logging device mandate.
Amazon sued for ‘bullying’ carriers, unpaid fees
Texas-based less-than-truckload carrier Central Freight Lines has filed a lawsuit against the e-commerce giant for millions in unpaid fees and court costs, according to legal research firm LexisNexis.
Uber hits speed bump in European Union
The San Francisco-based ride-sharing company could lose its fight in the European Union against being regulated as a traditional taxi service, but appears to be driving ahead in new business areas, such as freight transportation.