The Russian government plans to spend between 20 and 25 billion rubles ($400 to $500 million) to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, in order to make it more competitive with Ukrainian ports also on the Black Sea.
XPO Logistics’ pending purchase of less-than-truckload carrier Con-way is the latest sign that the lines between asset-light third-party logistics providers and asset-based motor carriers are blurring, XPO Chairman and CEO Bradley S. Jacobs said Monday.
China’s two largest shipping lines and their subsidiaries have extended the trading suspension of their shares for another month as the carriers continue to discuss “asset reorganisation” in what is strongly believed to be part of a merger.
In a break with tradition, Maersk Line is transferring the operation of a dozen container vessels to two German ship-management companies.
International Container Terminal Services Inc. is investing heavily in construction and port equipment to improve productivity that will be required to deal with rising container volumes expected through its Manila and Subic import gateways.
Adding another year to an apprenticeship program for truck drivers will help both Werner Enterprises and military veterans. The truckload carrier sees a need for more apprenticeships to boost the pool of younger, experienced drivers.
UPS is expanding its footprint in China with offices in 13 new cities, a reflection of the parcel giant’s confidence in the Chinese market despite the recent economic slowdown there.
UTi Worldwide has opened a 27,000 square foot warehouse in north central Mexico to serve automotive and high-tech manufacturers exporting products to the nearby U.S. market.
A new, centralized supply chain software platform will help food service distributor Canadian Paper keep track of perishables moving from "farm to fork."
Baltimore-based Absolute Worldwide Logistics acquired a web-based portal, shipmymachinery.com, to expand its specialized and heavy-weight shipping business.