Singapore-owned investment firm Temasek, along with its affiliates, tendered their shares of Neptune Orient Lines (NOL), boosting CMA CGM’s stake in NOL to 78.07 percent.
Survey: Only 10% of motor carriers using e-logbooks
Trucking companies and independent operators have until December 2017 to begin using electronic logbooks, but the vast majority still haven’t made the switch, according to a recent user poll from online load board DAT Solutions.
China rivals U.S., Europe as growth engine for Asia exports
The Asian nation is now an equal or even bigger driver of export growth in neighboring economies than the U.S. and E.U combined, according to research by Deutsche Bank AG economists.
EU seals trade pact with six African nations
The European Union and six African nations are signing a trade accord today after 12 years of negotiations that were stalled mainly by differences over market access for agricultural products.
Lufthansa’s shares fall 5.3%
The German airline’s shares dropped 5.3 percent Friday after the surprise departure of Chief Financial Officer Simone Menne complicated restructuring.
Air Canada begins first dedicated freighter service
The cargo airline has chartered a Boeing 767-300 to connect Hamilton, Ontario with Latin America.
New intermodal service connects Venice with Scandinavia
Goods coming from the Balkans will arrive by ship at the Port of Venice, where they will be loaded on a direct train to the Port of Rostock for departure by vessel to Scandinavian countries.
Logistics specialist establishes AAGEX Freight Group
AAGEX Freight Group President and CEO Mike Williams said the new company is inspired by his vision to advance a business model for logistics entrepreneurs to keep pace in a fast evolving market.
HMM strikes charter rate deal with containership owners
South Korean ocean carrier Hyundai Merchant Marine signed a charter rate negotiation agreement with five containership owners for a charter rate reduction of about 20 percent.
Oakland experiences surge in exports
The West Coast port handled 83,969 TEUs of loaded containerized exports in May, the largest number of loaded export containers its handled since October 2014.