A.P. Moeller-Maersk A/S will split into separate transport and energy businesses as Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate.
September 22, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
No rankings are available for this year.
Extras
Maersk to Split Group Into Separate Transport, Energy Companies
Hanjin Bankruptcy Tip of the Iceberg for Flailing Shippers
LOS ANGELES — For the past five years, top shipping companies pushed forward with fat investments in more and bigger vessels, even as signs of trouble piled up.
US Commerce Department Urged to Resolve Hanjin Shipping Crisis
The National Retail Federation and other U.S. trade groups are urging the Commerce Department to work with the South Korean government to resolve the Hanjin Shipping Co. crisis, which stranded an estimated $14 billion of goods at sea.
Forward Air Lowers Third-Quarter Projection, Blaming Tough LTL Market
Forward Air Corp. lowered its third-quarter earnings projections, no longer confident that it’ll generate more revenue than the same period in 2015, the company announced on Sept. 20.
Experts Paint Grim Picture for Intermodal Growth
HOUSTON — Intermodal businesses that have become accustomed to steady long-term growth are facing the prospect of tougher times ahead in the form of a likely recession and changing freight patterns, three industry experts said Sept. 19.
Port of New Orleans Begins Clean Truck Plan
The Port of New Orleans said it’s begun a Clean Truck Replacement Program that will allow 20 drayage truckers to replace their older Class 8 trucks with newer models.
September 19, 2016Hanjin Cuts Fleet as Court Advises Return of Chartered Ships
Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a court advisory to return all chartered vessels to cut costs while the company is in the midst of reducing its fleet.
Introducing Company Pages
Every logistics company now has its own page, with previously unpublished data. Click on names in rankings below.
September 19, 2016US Ports, Private Firms to Spend $154.8 Billion on Projects Over the Next 5 Years, AAPA Says
U .S. ports and private com panies will spend an esti mated $154.8 billion on capital projects over the next five years, from dredging harbors and expanding terminals to building warehouses and buying automated container handling equipment, according to the American Association of Port Authorities.
Takeaway: Focus on Ports
Just as highway bottlenecks can impede the transport of goods over the road, congestion in and around the nation’s seaports can disrupt the supply chains of companies that import and export goods.