SEOUL — Hanjin Shipping Co.'s banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.
August 30, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
No rankings are available for this year.
Extras
Seventh Largest Container Shipping Company One Step Closer to Bankruptcy
NFI Will Pay $1 Million to Settle Overtime Probe
National Freight Inc. will pay about $1 million to settle a Labor Department investigation that concluded the New Jersey-based warehouse and distribution company didn't pay 357 driver dispatchers and yard spotters for overtime, the DOL announced.
August 26, 2016Exxon to Introduce New Engine Oils on Website
ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.
August 26, 2016Former Norfolk Southern CEO Named President of Amtrak
Amtrak appointed Charles “Wick” Moorman, former CEO of Norfolk Southern Corp., as its new president, effective Sept. 1, to succeed the retiring Joe Boardman.
August 19, 2016Maersk Exploring All Options as Report Points to 2-Way Split
A.P. Moeller-Maersk A/S said it's still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a two-way split into an energy and a transport company.
August 19, 2016Proposed Florida Freight Zone Gets Thumbs-Up From County Planning Organization
BARTOW, Fla. — A proposed freight logistics zone stretching from the Port of Tampa to Lake Wales won an endorsement on Aug. 18 from Polk's Transportation Planning Organization.
XPO Logistics Continues to Restructure Debt
XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.
August 17, 2016Analysis: Maersk's Sinking Feeling
It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.
Railroad Regulators Award $25 Million for Automatic Braking System
Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.
World’s Biggest Shipping Firm Warns Against US Protectionism
A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade.
August 16, 2016