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Logistics News
Business, Logistics

Shipping Technology Startups May Get Boost From Hanjin Woes

SINGAPORE — The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player Hanjin Shipping Co. slowly is waking up to the redeeming potential of technology.

Jeremy Wagstaff | Reuters
September 29, 2016
Business, Logistics

Houston Port Credited for Being 'Creative' to Move Hanjin Cargo

Port of Houston Authority officials acted quickly to deliver stranded cargo after Hanjin Shipping Co. sought bankruptcy protection, offering to move and release the containers for a reduced fee.

Andrea Rumbaugh | Houston Chronicle
September 29, 2016
Business, Logistics

South Korean Court Considering Sale of Hanjin Shipping

The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire container line, a month after the debt-laden company’s filing roiled supply chains worldwide.

Kyunghee Park | Bloomberg News
September 29, 2016
Business, Logistics

Appeals Court Rejects XPO Bid to Invalidate Texas Union Vote

The 5th Circuit Court of Appeals has rejected XPO Logistics’ bid to throw out an unfavorable union representation vote at Laredo, Texas, during 2014.

September 28, 2016
Business, Logistics

Maersk Raided in South African Shipping Collusion Probe

South Africa’s Competition Commission searched the premises of six shipping companies, including AP Moeller-Maersk A/S, as part of an investigation into allegations that they colluded to fix incremental cargo rates between Asia and South Africa.

Liezel Hill | Bloomberg News
September 28, 2016
Business, Government, Logistics

Consumer Confidence Hits Nine-Year High on Job Optimism

Consumer confidence rose in September to the highest level since before the last recession on optimism about the labor market, according to a report from the New York-based Conference Board on Sept. 27.

Patricia Laya | Bloomberg News
September 27, 2016
Business, Logistics

Maersk May Target Hanjin, Hyundai in New Acquisition Strategy

A.P. Moeller-Maersk A/S’s container line, which this month ditched a strategy of building new vessels and will instead try to grow through acquisitions, is targeting South Korea’s two biggest shipping firms, according to Jefferies International Ltd.

September 26, 2016
Business, Logistics

Hyundai Merchant Said to Be Looking at Buying Hanjin Assets

Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of troubled rival Hanjin Shipping Co. for a possible acquisition.

Kyunghee Park | Bloomberg News
September 26, 2016
Business, Logistics

Tough Times for Intermodal as Freight Slows, Execs Say

HOUSTON — Intermodal businesses that have become accustomed to long-term growth likely are facing tougher times ahead in the form of a recession, changing freight patterns and other obstacles.

Rip Watson | Special to Transport Topics
September 26, 2016
Business, Logistics

Hanjin Clients Report Price-Gouging, Container Pileups

Hanjin Shipping Co. and its customers are being asked to pay more than usual to bring freight into U.S. ports, creating a backlog that could keep goods off shelves during the holiday shopping season.

Tiffany Kary | Bloomberg News
September 23, 2016
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