FASA

A new supply chain analytics benchmark study from American Shipper finds that manufacturers are relying on analytics based on historical data almost twice as much as retailers and LSPs.

The 2M Alliance’s new TP3/Sequoia will commence Dec. 9 from Chiwan and will provide 12-day transits from Ningbo to Long Beach.

Officials from the United States and Peru met last week to discuss the progress made to address illegal logging, challenges that remain, and how both countries can work together and individually to address those challenges.

The port authority’s board of commissioners approved two contracts worth $217 million for 86 rail-mounted gantry cranes, with 60 of the cranes going to Norfolk International Terminals and the additional 26 cranes going to Virginia International Gateway.

The U.S. Department of Agriculture’s Foreign Agricultural Service on Tuesday announced an awarding of $200 million to numerous producer and trade organizations to help expand export markets for the country’s agricultural commodities and products.

Michael Webber, a senior analyst at Wells Fargo Securities, cautioned the surge in freight rates and shipping stock prices seen in recent days may be “transitory.”

The investment arm of the conglomerate Koch Industries took about a 25 percent stake in Infor, which bought supply chain software maker GT Nexus in 2014.

The Georgia Ports Authority said almost one-third of its fleet of container stacking machines (45 out of 145), manufactured by Konecranes, have been purchased with or converted to, electric power capability.

The digital ocean container quoting and booking tool 45HC.com will use the ocean freight technology provider INTTRA to provide its users with booking and track and trace tools.