The mid-Atlantic port handled 232,148 TEUs for the month, with loaded container imports growing 9.5 percent and loaded exports up 3.3 percent from the previous March, according to the most recent figures from the Virginia Port Authority (VPA).
Maersk to sell Mercosul as part of Hamburg Süd deal
The Danish shipping giant has confirmed it is selling its Brazilian cabotage subsidiary Mercosul Line in a preemptive move aimed at satisfying any potential competition concerns from Brazil’s Conselho Administrativo de Defesa Economica (CADE).
Trucking giants Swift, Knight to merge
The two Phoenix-based trucking giants said Monday the transaction to create Knight-Swift Transportation Holdings Inc., the industry’s largest full truckload company, is expected to close in the third quarter of 2017.
NEWS FLASH: Swift, Knight to merge
The two Phoenix-based trucking giants said Monday the transaction to create Knight-Swift Transportation Holdings Inc., the industry’s largest full truckload company, is expected to close in the third quarter of 2017.
HMM strikes deal with DSME for new VLCCs
South Korean ocean carrier Hyundai Merchant Marine entered a deal with Daewoo Shipbuilding & Marine Engineering for the construction of five new very large crude carriers, with the option for five more.
HNA makes offer for Singapore logistics firm
Chinese conglomerate HNA Holding Group Co. offered to purchase CWT Ltd. for 1.4 billion Singapore dollars (U.S. $995 million).
U.S. beef, pork exports rise in February
However, U.S. lamb export volumes tumbled 41.3 percent in February from a year prior.
FMC approves cooperation agreement between Georgia, Virginia ports
Michael Khouri, acting chairman of the Federal Maritime Commission, said such pacts can help terminals improve service and operations to benefit the American shipper and consumer.
SAMSONITE BUYS OUT EBAGS FOR $105 MILLION
In a seemingly fast-moving deal, Hong Kong-based luggage retailer Samsonite is buying out eBags, the Denver-based e-commerce site for handbags, suitcases and other travel gear. The deal is expected to close in the second quarter of this year pending court approval and rings in at $105 million. Financing is said to …
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EXECUTIVE MOVES AT MULBERRY AND ICON EYEWEAR
MULBERRY PROMOTES CHARLOTTE O’SULLIVAN British heritage handbag and accessories brand Mulberry has promoted Charlotte O’Sullivan to Marketing and Digital Director. O’Sullivan has been with the company since 2007 and has most recently served as Mulberry’s Digital Director for the last two years. The company credits her with being “instrumental in building …
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