The Northern Sea Route, which can cut 12 to 15 days off voyage times between Asia and North Europe compared to the traditional Suez Canal routing, is currently only usable during the summer season, but could be open year-round by 2020.
Major freight railroads in the United States employed 152,718 workers as of the middle of July 2016, up 0.19 percent from the previous month but down 10.71 percent year-over-year, according to data from the Surface Transportation Board.
Chinese e-commerce solutions provider Baozun Inc. created Baotong E-logistics, a wholly-owned warehousing and logistics subsidiary.
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The mid-Atlantic port attributed the year-over-year decline in container throughput in July to a realignment of some vessel services calling the port.
The Japanese ocean carrier has changed the names of its MM Holdings (Americas) and Mitsui O.S.K. Bulk Shipping (Asia Oceania) divisions in an effort to unify its marketing efforts and improve customer service.
The supply chain software provider has been the rumored target of industrial conglomerate Honeywell, but instead gets additional capital from Blackstone and majority owner New Mountain Capital.