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Two other private equity firms are reportedly also considering selling barge companies.
More than 40% of retailers and manufacturers plan to shift volume to East Coast ports on a long-term basis as a result of chronic congestion on the West Coast, according to the findings of a new American Shipper research report.
Evergreen Line introduces two new intra-Asia services, Nautilus International/Metro Group breaks ground on its new headquarters in Long Beach, CaroTrans starts LCL service from Shanghai to Atlanta via Port of Savannah.
After extensive debt restructuring, the Israeli ocean carrier aims to "return to profitability and growth in 2015."
Logistics real estate developer's white paper on facility obsolescence finds the bulk of warehouses and DCs are either obsolete or too far removed from population centers and transport infrastructure.
The integrated logistics provider saw increased revenues in both its Global Integrated Logistics and infrastructure business units.