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"In second half of 2015, international trade still won’t be cheerful," CSCL said in its most recent financial statements, pointing to the massive influx of new capacity in the ocean liner industry.
The vessel Mineral Faith caused delays and tailbacks for at least ten southbound vessels after grounding Tuesday, according to a customer advisory note from Inchcape Shipping Services.
Ocean carriers Maersk Line and CMA CGM issued general rate increases.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.