The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.
The U.S. Department of Agriculture said the nation's agricultural trade surplus is also expected to increase to $19.5 billion for fiscal year 2017, up 40 percent from $13.9 billion for fiscal year 2016.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.
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The new Greensboro, N.C.-based airfreight carrier received clearance from the U.S. Department of Transportation to begin scheduled domestic and international service using its two 767-200ER aircraft.
The Memphis, Tenn.-based logistics company formed a new division, Dunavant Logistics Leasing Group, providing equipment throughout the Continental United States, Alaska, Hawaii and the Caribbean.
Southern California's so called "Blue Cut Fire" has disrupted BNSF and Union Pacific rail traffic, including intermodal traffic moving to and from the ports of Los Angeles and Long Beach, but some train lines and highways are reopening.