CMA CGM has acquired a strategic stake in LCL Logistix, one of India’s leading freight forwarders and logistics firms.
CMA CGM said its New Europe Mascarene Oceania service will call at the Kattupalli International Container Terminal, an emerging alternative gateway on India’s southeastern coast.
Greek shipowner Costamare and York Capital Management, a U.S. equity fund, are considering extending the life of their investment joint venture that has already spent more than $1 billion on new and secondhand container ships.
Based on the rates one importer has negotiated in its annual trans-Pacific contracts, it appears likely that shippers may have to ante up for freight rates that are substantially higher than in the past few years.
Indian logistics and trucking major Gati Ltd. says e-commerce growth helped drive consolidated net profit up 59 percent year-over-year in fiscal year 2014-15, which ended March 31.
Lufthansa Cargo says it is delaying the construction of a new freight center at its Frankfurt hub “by at least two years.”
The first of United Arab Shipping Co.’s super-sized container ship built to run on liquefied natural gas has been named in a ceremony at Hyundai Samho Heavy Industries, the Korean shipyard where the vessel is under construction.
APM Terminals said all truck drivers entering its facilities from the end of 2016 must remain in their vehicles as part of a companywide project designed to eliminate one of the top five causes of injuries.
As the U.S. economy came screeching to a halt in the first quarter — at least those parts that contribute to gross domestic product growth — UPS improved revenue, shipment volumes and profit, a sign that things may not be as bad as the economic indicators seem to say.
Global Logistics Properties (GLP) this week signed new lease agreements in China totaling more than 1.5 million square feet with retailers and third-party logistics providers.