Logistics

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 Inc. reported a loss of $5.6 million, or 11 cents per share, for the 12-month fiscal year that ended June 30.

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.

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.

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.

Trucking companies are grappling with the financial fallout from the bankruptcy of Hanjin Shipping Co., unsure about whether they can collect on unpaid bills.

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.

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.

Jerry Moyes, the founder and CEO of Swift Transportation will retire at the end of the year, the company announced Sept. 8.

The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers.