The London-based firm said it projects that container freight rates will rise modestly over the next 18 months from the all-time lows reached recently, but it won’t be sufficient enough to rescue the industry from substantial losses in 2016.
Cargolux CEO Reich to resign due to ‘personal reasons’
Richard Forson, current chief financial officer of the all-cargo airline, will succeed Dirk Reich as president and chief executive officer effective Aug. 1, according to a statement from the company.
APMT reports ‘smooth transition’ as VGM rule takes effect
The terminal operator said all of its gate operations are running normally, with vessel schedule integrity remaining unaffected by the new verified gross mass rule, which took effect last Friday.
Spear to replace Graves as head of ATA
The American Trucking Associations has appointed former senior vice president of legislative affairs Chris Spear to succeed Bill Graves as the organization’s next president and chief executive officer, effective July 9.
WTO members start eliminating technology tariffs
With the entering into force of the World Trade Organization’s Information Technology Agreement (ITA) on July 1, member countries of the international trade body have started eliminating tariffs on hundreds of information technology goods.
UPS expands healthcare logistics services
The Atlanta, Ga.-based shipping and logistics provider said it is expanding its healthcare logistics services to better support clinical trials of drugs and vaccines.
WIN launches new mobile app
Worldwide Information Network’s new mobile application features real-time track and trace, an interactive agent directory, instant messaging, route checking, and shipment status tools, the company said in a statement.
DHL expands evening parcel deliveries in Germany
The service is intended to add convenience and help retailers with sales, the company said.
TransForce adds Canadian driver pool
The staffing company has acquired assets of K.A.S. Personnel Services, a provider of commercial truck drivers and other transportation personnel.
FMC reviews 17 OTI license applications
The U.S. Federal Maritime Commission has received 17 ocean transportation intermediary license applications and changes for review.