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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.
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.
Drivers for the popular ride-sharing company will now be able to proceed as a group, rather than individuals, in a worker misclassification lawsuit that could have implications in the freight transportation industry as well.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.