A senior transportation official in Tianjin, China was found dead Wednesday after falling from his office.
The return of company founder C.L. Werner as chairman and CEO will help the fifth-largest U.S. truckload carrier map a long-term route, as president and COO Derek Leathers is groomed for a bigger role.
When China devalued its currency in mid-August after a 10-year run-up against the dollar, the People’s Bank of China described the move as a natural step toward the creation of a market dominated Chinese exchange rate. No one in the market — not importers, exporters, manufacturers, investors or analysts — bought the message. Global stocks and commodity markets sold off at an astonishing rate, triggered by fears that China could launch a prolonged currency war that would boost its own exports at the expense of those it buys from, including the U.S.
The International Air Transport Association director general and CEO Tony Tyler will retire in June next year after serving five years in the position.
The development of Port Louis will not only accommodate increasing container traffic, but also mitigate the likely impact of the cyclonic weather to which the country of Mauritius is prone, giving shippers more reliability.
China carrier Nan Tsing Container Lines told employees it has suspended all business operations and was preparing to dismiss staff because of mounting debts amid a slowdown in domestic shipping.
Air cargo demand among Asian carriers weakened in July as demand for exports fell along with global trade, according to the latest data from the Association of Asia Pacific Airlines (AAPA).
The brewer of Budweiser is greening its St. Louis-based truck fleet, replacing diesel models with CNG-powered tractors that will haul 31 million cases of beer this fall. The fleet conversion is part of a long-term plan to cut logistics-related carbon emissions 15 percent by 2017.
Mixed economic messages and political uncertainty put shippers and truckers on a bumpy road in the second half of 2015, speakers said during a JOC webinar. Although truck capacity is "relatively abundant" and fuel is cheap, truck rates are still rising, and shippers are eyeing new safety rules that could tighten truck capacity. It all depends on the economy.
Malaysia and Indonesia are working together to fight rising piracy in Southeast Asia less than a week after six attacks, two targeting containerships, occurred within 48 hours, according to a report.