The Israeli ocean carrier will launch its ZNP loop in April 2017, connecting ports in Southeast Asia and China to Vancouver, Canada.
Hong Kong Air Cargo Terminals Ltd. handled a total of 1.65 million metric tons of airfreight for the full year in 2016, a record for the terminal operator and a 1.7 percent improvement from the previous year.
The Memphis, Tenn.-based integrator moved up the previously announced appointment of David Bronczek as president and chief operating officer from the beginning of 2018 to Feb. 1, 2017, the company said in a statement.
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Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.
Although some shippers are hesitant on using foreign trade zones (FTZs) due to compliance burdens, the benefits of FTZs may be worth the effort.