The collapse of Hanjin Shipping Co. will probably spark fresh consolidation among container lines as they attempt to ride out the shock waves buffeting the industry, Hapag-Lloyd AG CEO Rolf Habben Jansen said.
September 15, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Hanjin Collapse May Hurry Shipping Consolidation, Hapag Says
Looming Trailer Shortage Newest Hanjin Bankruptcy Crisis
The bankruptcy of Korean ocean liner Hanjin Shipping Co. is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move containers on U.S. roads.
Port of Wilmington Closely Watching Hanjin Bankruptcy Rescue
The Port of Wilmington is closely watching as one of its clients — South Korean company Hanjin Shipping —attempts to fight its way back from the brink of bankruptcy.
Radiant Logistics Reports $5.6 Million Loss
Radiant Logistics Inc. reported a loss of $5.6 million, or 11 cents per share, for the 12-month fiscal year that ended June 30.
September 13, 2016US Trailer Orders Fall Almost 38% Year-Over-Year
U.S. net trailer orders fell 37.6% year-over-year as some fleets remained cautious about adding equipment and cancellations increased, according to ACT Research Co.
Hanjin Ship Unloading at Long Beach After Bankruptcy Ruling
A Hanjin Shipping Co. vessel began unloading its part of $14 billion worth of cargo Sept. 10 at the Port of Long Beach in California after a U.S. court granted the company a reprieve from having its assets seized, easing a cargo bottleneck resulting from the container line’s filing for bankruptcy protection.
Hanjin Collapse Is Triggering Short-Term Rate Spike, Maersk Says
Maersk Line, the world’s largest container shipping company, is seeing a short-term rise in freight rates and an inflow of new clients after the collapse of Hanjin Shipping Co.
September 12, 2016Hanjin Bankruptcy Saddles Trucking Fleets With Widespread Losses, Executives Say
Trucking companies are grappling with the financial fallout from the bankruptcy of Hanjin Shipping Co., unsure about whether they can collect on unpaid bills.
Largest Ever Ship Line Failure Triggers Broad Cargo Turmoil
Truckers and the entire global shipping supply chain faced a broad array of complicated choices last week arising from Hanjin Shipping Co.’s bankruptcy that has left tens of thousands of shipments in limbo — stranded at sea, idle in ports or a burden for truckers.
Port of Long Beach CEO Slangerup to Resign
Jon Slangerup announced his resignation as CEO of the Port of Long Beach, effective Oct. 28, to take another executive position at an aviation technology company.