The Hong Kong-based third-party logistics provider opened a new office in Warsaw, Poland, following recent acquisitions in Europe in recent months.
Commentary: Canada’s two tracks on trade
2017 will be a pivotal period for companies doing business in or though Canada, as two geopolitical events will impact its place in the global trade marketplace, according to Keith Haurie, vice president of business development for ONESOURCE Global Trade.
COSCO Shipping records $1.4b loss in 2016
The world’s fourth largest container shipping line, COSCO Shipping, experienced the 9.9 billion yuan (U.S. $1.44 billion) loss due to weak freight rates and restructuring costs, Reuters said Thursday.
Liebherr supplies Latin America with new container equipment
Port and container loading equipment was delivered to Puerto Rico, Mexico and the Bahamas this month, including the largest operated crane in the Caribbean.
ATA: Driver turnover free fall continues at truckload carriers
Annualized turnover rates at large truckload fleets fell another 10 percentage points to 71 percent in the third quarter of 2016, the lowest level since second quarter 2011, according to the American Trucking Associations.
Hapag-Lloyd expects improved operating earnings in 2017
The German ocean carrier is citing benefits from its planned merger with United Arab Shipping Company, but Reuters has reported a “snag” in those plans.
Commerce starts aluminum foil import investigations
The Commerce Department has initiated antidumping and countervailing duty investigations into aluminum foil imports from China.
FMC reviews 18 OTI license applications
The U.S. Federal Maritime Commission has received 18 ocean transportation intermediary license applications and changes for review.
Executive Moves: NYK Europe and Capes Shipping Agencies
NYK Group Europe appoints chief executive officer and chief operating officer, while Capes Shipping Agencies hires general manager.
Amazon acquires Middle Eastern e-tailer SOUQ.com
The e-commerce giant and SOUQ.com “share the same DNA – we’re both driven by customers, invention, and long-term thinking,” according to Russ Grandinetti, senior vice president of the international consumer division at Amazon.