Debt-stricken Hanjin Shipping will file for court protection after losing the support of its banks unhappy with its restructuring efforts.
Few things spook shippers more than the potential for a ship to be arrested in port, something Hanjin has reportedly faced and may see more of as creditors come collecting.
A merger of Hanjin and HMM is in the national interest, believes the Korea Shipowners Association.
Appeals court rejects claims the commission illegally interfered in collective bargaining agreement.
European truckload carrier Waberer’s said it was able to increase revenue and volume in the first half.
Athletic footwear and apparel maker Under Armour’s plan to build a 1.3-million-square-foot e-commerce distribution and warehouse facility is set to boost container traffic through the nearby Port of Baltimore and enhance the larger logistics park it will move goods through.