The transaction, which would be the first between the aircraft manufacturer and Iran since the lifting of economic sanctions in January, comprises up to 100 jetliners worth about $25 billion, but would require U.S. government approval prior to completion.
Commentary: ULCs part of the problem for container industry, not the solution
Miscalculation of the economies of scale for ultra-large containerships on the part of ocean carriers has had disastrous effects on the cargo business, according to Bloomberg View columnist Adam Minter.
Commentary: U.S. businesses should exercise ‘extreme caution’ in dealing with Iran
The majority of sanctions applicable to U.S. companies remain in effect, and violators could be subject to fines and other penalties, according to Brent Helms, special counsel for the energy, environment and natural resources team at Jones Walker LLP.
Lufthansa Cargo to cut up to 800 jobs
The logistics unit of German airline Deutsche Lufthansa AG plans to eliminate 450 to 500 positions in Germany and another 250 to 300 abroad as part of a greater cost reduction program aimed at making the company more competitive.
NYK dives deep into offshore market
The Japanese ocean carrier will acquire a 25 percent stake in EMAS Chiyoda Subsea, a construction firm specializing in offshore and subsea oil and gas facilities, from Singapore’s Ezra Holdings and Japan’s Chiyoda Corporation.
Port of Long Beach container volumes see slight bump in May
With cargo volumes near all-time peak levels, May 2016 still qualified as the second-busiest May in the Southern California port’s 105-year history.
CMA CGM, PSA form container terminal joint venture in Singapore
The French ocean carrier has teamed up with PSA Singapore Terminals to operate four “mega” container berths at Pasir Panjang Terminal Phases 3 and 4 in Singapore, according to a joint statement from the companies.
Yusen Logistics expands in Germany
The third-party logistics division of Japanese shipping company NYK has acquired a larger warehouse at the inland port in Duisberg, Germany.
Special Coverage: Inside the TMS tower
American Shipper recently visited the global headquarters of C.H. Robinson’s managed transportation services subsidiary in Chicago to get a first hand look at the company’s transportation control tower, which shows how a managed TMS works in practice.
DHL solicits innovative logistics ideas
The integrated global logistics provider is running a competition to get ideas for logistics practices with a social benefit and an autonomous delivery cart.