Evergreen Line and “K” Line will be joining the Asia-ISC dedicated PMX loop, which will soon be changing its ports of call, while the two carriers will also launch the PIX/PM2 loop, in conjunction with COSCO, PIL and Wan Hai.
UPS invests $300m in Louisville package facility
The Atlanta, Ga.-based parcel giant launched a $300 million expansion that will increase the size of its Centennial package facility in Louisville, Ky. to 838,000 square feet and nearly double the current sorting capacity to 85,000 packages an hour.
Trek cycles toward trade automation
The bicycle and cycling product manufacturer and distributer selected a range of trade and logistics automation products from software maker Amber Road.
Virgin Atlantic Cargo strengthens Australian connection
The cargo airline has expanded its international long-haul cargo sales and management agreement with counterpart airline, Virgin Australia Cargo.
Executive Moves: project44 and TIA
project44 has appointed chief IT architect and VP of global sales, while the Transportation Intermediaries Association names marketing director.
Arctic passage presents unique opportunities, environmental risks
The Northern Sea Route, which can cut 12 to 15 days off voyage times between Asia and North Europe compared to the traditional Suez Canal routing, is currently only usable during the summer season, but could be open year-round by 2020.
U.S. Class I railway employment ticks up in July
Major freight railroads in the United States employed 152,718 workers as of the middle of July 2016, up 0.19 percent from the previous month but down 10.71 percent year-over-year, according to data from the Surface Transportation Board.
Baozun Inc. launches warehousing, logistics solutions subsidiary
Chinese e-commerce solutions provider Baozun Inc. created Baotong E-logistics, a wholly-owned warehousing and logistics subsidiary.
NEWS FLASH: El Faro’s VDR reveals 26 hours of information
The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
EXPRESS PLUNGES ON WEAK Q2 EARNINGS
Express, Inc. released its financial results for the second quarter of 2016, ended July 30, 2016, and it wasn’t good. Overall, Comparable sales (including e-commerce sales) decreased 8%, compared to a 7% increase in the second quarter of 2015. E-commerce sales declined 7% to $70.1 million. Net sales decreased 6% to $504.8 million from $535.6 …
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