Experimental Cotton Shipment from Houston to China Could Revolutionize Logistics
When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously.
October 24, 2016Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
Princeton Consultants Acquires TMS Software From Norfolk Southern
Princeton Consultants, an information technology and management consulting firm, has acquired the transportation management software business from TransWorks, a unit of rail operator Norfolk Southern Corp., and will use it as the basis for a new business to help manage interactions between shippers and carriers.
October 24, 2016Hanjin Shipping Wins Court Approval to Wind Down Europe Business
Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection in late August, won approval from a court to wind down its European operations as demand for its services to the continent slumped.
October 24, 2016US Trailer Orders Fall by 65% in September as Market Returns to More ‘Typical’ Demand
Trailer orders in September fell below 13,000 as the market continues to adapt and reshape itself after a banner 2015, analysts said.
October 24, 2016XPO Logistics and Hewlett Packard to Lay Off 70 Employees in Iowa
XPO Logistics Inc. and Hewlett Packard Co. plan to lay off about 70 employees in Iowa on Oct. 31 after the two companies ended a contract and parted ways.
October 21, 2016Union Pacific Net Income Slips 13% as Freight Volume Declines
Union Pacific Corp. net income slipped 13% to $1.13 billion, or $1.36 per share, hurt by lower intermodal and other freight volume and weaker pricing.
October 20, 2016Bankrupt South Korean Shipping Giant Hanjin to Lay Off 400 Workers
SEOUL — Bankrupt South Korean shipping giant Hanjin said Oct. 20 it plans to lay off 400 workers — more than half of its land-based staff — as it attempts to right its corporate ship.
October 20, 2016Hanjin Bankruptcy Hurts Long Beach, But Doesn't Impact Other US Ports in September
The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.
October 19, 2016APL Logistics Names Shigeo Mori as New CFO
APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.
October 19, 2016FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport
PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.
October 18, 2016