CMA CGM’s reported third-quarter net profit plunged nearly 76 percent year-over-year to $51 million, amid the French carrier’s talks with Neptune Orient Lines over a potential merger.
Frank Appel, CEO of Deutsche Post DHL Group, the world’s largest leading logistics and mail communications company since 2008, will share his views on the current and future state of global supply chains on Feb. 28, 2016, at the 16th Annual TPM Conference in Long Beach, California.
Tis the season for cargo theft — and transportation companies and shippers are advised to be on guard this Thanksgiving weekend.
Spot rates on the China-U.S. trades fell to the lowest levels of the year, according to the latest reading of the Shanghai Containerized Freight Index.
Canadian Pacific Railway CEO Hunter Harrison said he’s willing to reevaluate and raise his company’s $28 billion takeover bid for Norfolk Southern Railway — if only executives at the Virginia-based railroad would open a line of communication.
The Northwest Seaport Alliance of Seattle and Tacoma recorded modest growth in container volume in October, but it was sufficient to push the ports’ year-to-date performance into positive territory.
Shippers are cheering emergency legislation that ended nationwide blockades by Brazilian independent truckers.
Russia’s container transportation market is on the verge of consolidation. The country’s two largest, and ailing, container transport providers — container line and terminal operator Fesco and containerized rail provider Transcontainer — plan to merge.
The top U.S. rail regulatory agency on Wednesday gave guidance on when it expect to wrap up the issue of reciprocal switching, and provided a glimpse into the arduous regulatory process facing the potential merger of the Norfolk Southern and Canadian Pacific railways, according to attendees at an industry event.