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With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."
Corruption in certain parts of Africa, Latin America and Asia makes it too difficult for a U.S. third-party logistics provider to do business, according to XPO Logistics CEO Brad Jacobs.
Due to construction challenges and severe 2014 winter weather, the deck raising will now be completed in late 2017, with entire project to be completed in mid 2019, according to the Port Authority of New York and New Jersey.
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an "as needed" basis in advance of its final report.
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.