FASA

Rates from Shanghai to North Europe fell 6 percent since last Friday to $858 per TEU, according to the Shanghai Containerized Freight Index.

Smart Logistics Group-Operating provides warehouse and logistics services to a wide variety of customers, a few of which include Microsoft, Pepsi, Danone, Castorama, Kimberly-Clark, Haier and Cargill.

Activist investor Paul Hilal’s hedge fund was looking for a swift and amicable transition for outgoing Canadian Pacific President and CEO E. Hunter Harrison to join U.S. Class I railroad CSX, but negotiations have taken a decidedly hostile turn this week.

The Israeli ocean carrier signed up with Alibaba to allow customers of the e-commerce site to book space on its vessels, Reuters reported.

The Port Authority of New York and New Jersey awarded a contract to Union Paving and Construction Co., Inc. for upgrades at the Greenville Yard.

Changes are being made to the alliance’s TA2/NEUTAL2 loop effective April 1.

The Doha-based airline has initiated additional pharmaceutical freighter flights from Basel, Switzerland and Brussels to Doha.

Canadian Pacific Railway names chief marketing officer, while Troy Container Line promotes FCL export manager.

Several months after filing for court receivership in its native South Korea, former seventh-largest container carrier Hanjin Shipping has officially been declared bankrupt, according to a report from Reuters news service.

While A.P. Moller-Maersk plans to narrow its focus to transportation and logistics, the foundation that owns a controlling stake in the company will move in its own direction, Ane Maersk Mc-Kinney Uggla said.