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The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
Wei Jiafu, former chief executive officer of COSCO, has been named CEO of a Pasadena, California-based company called Apollo Acquisition Corp.
French logistics company gets a stake in U.S. market with purchase of OHL for undisclosed sum, continuing trend this year of major 3PL acquisitions across the globe.
Tideworks Technology has developed a mobile version of its customer service web portal for the Massachusetts Port Authority called Forecast Mobile Lite.
Ocean carrier CMA CGM will team up with Bolloré African Logistics and China Harbour Engineering Company to build and operate a 1.4 million-TEU container terminal in Kribi.
The Norther California port warned, however, that vessel backlogs could reoccur if more longshore labor is not added.