Hapag-Lloyd AG approved a plan to acquire all shares of United Arab Shipping Co., paving the way for the second merger in two years to bolster the position of Germany鈥檚 biggest container-shipping line in an industry plagued by excess capacity.
June 28, 2016BusinessSafetyGovernmentLogistics
Baltimore Warehousing Center Tradepoint Atlantic Signs Automotive Shipments Company
Tradepoint Atlantic, a warehousing and transportation center in Baltimore, said logistics company Pasha Group has agreed to lease space at the facility to process global automotive shipments.
June 27, 2016BusinessLogisticsEquipment
Trailer Orders Drop 12% as Seasonal Slowdown Hits
U.S. trailer orders fell 12% in May, reflecting typical seasonal demand, ACT Research Co. reported 鈥 though trailer manufacturers said the market had softened.
June 27, 2016BusinessLogistics
Maersk Chairman Says 鈥楽trategic Options鈥 Include Company Split
A.P. Moeller-Maersk A/S replaced its CEO as the owner of the world鈥檚 biggest shipping company explores a number of 鈥渟trategic options鈥 that may include splitting up its operations.
June 23, 2016BusinessLogistics
Controversial Proposal for $8 Billion Private Freight Rail to Bypass Congested Chicago
CHICAGO聽鈥 The managing partner of Great Lakes Basin Transportation was in familiar surroundings June 15 as he promoted his idea to build a freight railroad from the LaPorte area to southeast Wisconsin, circling Chicago to serve as a bypass around that congested city.
June 20, 2016BusinessLogistics
Radiant Logistics Promotes Bento to Chief Operating Officer
Radiant Logistics has announced that Joe Bento, the firm鈥檚 senior vice president of operations, will succeed Dan Stegemoller as chief operating officer of freight forwarding operations on June 30.
June 20, 2016BusinessLogistics
South Carolina Logistics Company Opens Second Location in Charleston
Wainwright Industries, part of TVS Supply Chain Solutions, announced plans on June 17 to add a second Charleston location to serve customers of the South Carolina Ports Authority.
June 17, 2016TechnologyLogistics
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June 16, 2016BusinessLogistics
Trailer Orders Fall 12% in May
U.S. net trailer orders in May reached 14,250 units, the lowest total this year, ACT Research Co. reported, calling it an expected seasonal slowdown.
June 15, 2016BusinessGovernmentLogistics
Port Manatee Looks to Turn Bigger Panama Canal Into Bigger Business
When the Panama Canal reopens its wider, deeper locks and channel on June 26, Port Manatee officials will be looking to turn that greater capacity into more cargo traffic.
June 14, 2016