Global Shipping Slumps on Fears of Trade Crisis
The world’s largest ship broker admitted its business has been battered by weak global trade – underlining the crisis engulfing the shipping industry.
July 5, 2016North Central Utility Breaks Ground on Minnesota Dealership
North Central Utility has broken ground on a dealership in Mankato, Minnesota.
June 30, 2016Construction Starts on $13.5 Million Indiana Intermodal Facility
State and local officials joined executives from Transpoint Intermodal to break ground June 28 on a new $13.5 million, 64-job cargo transfer facility in Fort Wayne, Indiana.
June 29, 2016After Panama Canal Expansion, Port Manatee Optimistic for More Business
A Port Manatee trade executive has returned from ceremonies marking the expansion of the Panama Canal, saying he is optimistic that the expansion will reap big benefits for the port.
June 29, 2016Hapag-Lloyd to Buy United Arab Shipping Co. as Container Carriers Consolidate
Hapag-Lloyd AG approved a plan to acquire all shares of United Arab Shipping Co., paving the way for the second merger in two years to bolster the position of Germany’s biggest container-shipping line in an industry plagued by excess capacity.
June 28, 2016Baltimore Warehousing Center Tradepoint Atlantic Signs Automotive Shipments Company
Tradepoint Atlantic, a warehousing and transportation center in Baltimore, said logistics company Pasha Group has agreed to lease space at the facility to process global automotive shipments.
June 27, 2016Trailer Orders Drop 12% as Seasonal Slowdown Hits
U.S. trailer orders fell 12% in May, reflecting typical seasonal demand, ACT Research Co. reported — though trailer manufacturers said the market had softened.
June 27, 2016Maersk Chairman Says ‘Strategic Options’ Include Company Split
A.P. Moeller-Maersk A/S replaced its CEO as the owner of the world’s biggest shipping company explores a number of “strategic options” that may include splitting up its operations.
June 23, 2016Controversial Proposal for $8 Billion Private Freight Rail to Bypass Congested Chicago
CHICAGO — The managing partner of Great Lakes Basin Transportation was in familiar surroundings June 15 as he promoted his idea to build a freight railroad from the LaPorte area to southeast Wisconsin, circling Chicago to serve as a bypass around that congested city.
June 20, 2016Radiant Logistics Promotes Bento to Chief Operating Officer
Radiant Logistics has announced that Joe Bento, the firm’s senior vice president of operations, will succeed Dan Stegemoller as chief operating officer of freight forwarding operations on June 30.
June 20, 2016