The Hong Kong-based third-party logistics provider increased earnings in 2016, and looking ahead, expects to complete the acquisition of a controlling stake in a Dubai-based freight forwarding group in May.
However, the global port operator increased container throughput by 5.5 percent from 2015.
Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
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The Commerce Department issued a report listing best practices ports should consider adopting to optimize efficiency and improve competitiveness in the face of capacity constraints associated with larger cargo ships and ocean carrier consolidation.
The Japanese shipping company has also submitted an application to establish a logistics subsidiary in India.
The new service from parcel giant FedEx's third-party logistics subsidiary offers an easy way to track items, manage inventory, analyze trends, and understand shoppers’ spending behaviors, the company said in a statement.