CEVA Logistics has named a veteran chief financial officer to the position effective immediately to replace Arjan Kaaks, who left the company after just more than a year with CEVA.
A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.
The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.
DrayQ and DrayLink to be introduced in Seattle-Tacoma in early November to improve terminal efficiency for truckers and BCOs.
Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.
US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices.
Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.
Precariously low West Coast vacancy rates for warehouse and distribution space are sending a stark message to shippers: Expect to pay even more to carry your goods, or rework your containerized supply chains.
The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.
A Hanjin ship just released from arrest outside the Panama Canal is one of two expected to stop at the Port of New York and New Jersey in the next week.