Jon Ross, a former American Shipper editor who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.
Oakland Bulk & Oversized Terminal (OBOT) has sued the City of Oakland in federal court after facing strong opposition from environmentalists and others that oppose coal exports through a bulk handling terminal OBOT wants to build.
The industrial real estate services and investment management firm said it anticipates low interest rates, healthy consumer spending and strong e-commerce will boost industrial and logistics real estate growth in 2017.
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Thirty-five of the 97 containerships operated by the now insolvent South Korean ocean carrier have completed cargo unloading, Korea’s Yonhap News Agency reported Friday.
The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal Maritime Commission.