The non-asset-based supply chain management and third-party logistics provider’s airfreight volumes soared 15.6 percent year-over-year during the quarter, fueled by the transpacific and intra-Asia trades.
Trojan Maritime bulk carrier banned from Australian ports
The Bahamas-flagged bulk carrier MV Rena won’t be allowed to re-enter any Australian port until the first quarter of 2018, according to the Australian Maritime Safety Authority.
Uber Freight expanding to more U.S. markets
The new trucking industry arm of the now-ubiquitous ridesharing application is expanding its focus to major metro areas across California, Arizona, the Chicago-Midwest region, Georgia, South Carolina and North Carolina.
Nine missing after vessel collision on Amazon River
The containership Mercosul Santos collided with a tug boat pushing several barges upriver on the Amazon early Wednesday morning, leaving nine of 11 tug crew members missing.
COSCO Ports enters into merger agreement with Dalian Container Terminal
The port terminal operator arm of Chinese conglomerate COSCO Shipping will merge three terminal operators into one business entity at the Port of Dalian, according to an official statement from COSCO Ports.
South Korea’s 14 container carriers to form shipping consortium
In addition, the country’s largest carrier, Hyundai Merchant Marine, is reportedly looking to allocate more vessels to U.S. routes thanks to rising demand.
90s Nostalgia Comes on Strong in Fashion and Pop Culture
The 90s are back in a big way, and there are lots of fashion, retail and pop-culture opportunities to revisit the decade.
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DB Cargo upgrades locomotive fleet
Deutsche Bahn’s freight rail operation will purchase 60 new locomotives from Siemens at a cost of about $250 million euros, and use the equipment in its European cross-border services.
Great Lakes iron ore shipments jump in June, July
Iron ore shipments increased over 21 percent in U.S. Great Lakes ports in July but had mixed results in Canadian ports, according to the Lake Carriers’ Association.
Texas man pleads guilty to illegal exports to Russia, China
Peter Zuccarelli of Plano, Texas, conspired to illegally export U.S.-made radiation hardened integrated circuits to China and Russia for their respective space programs, according to a statement from the U.S. Department of Justice.