Acquiring of one of the largest mail and parcel carriers in the United Kingdom will strengthen Deutsche Post DHL Group’s cross-border network and expand its customer base in Europe’s largest e-commerce market, according to a statement from the company.
CSPL SPV, COSCO SHIPPING Ports Limited’s wholly-owned subsidiary, will have the controlling stake in the joint venture company that will operate the new Khalifa Port Container Terminal 2.
The Massachusetts Department of Transportation awarded funds to seven projects expected to take 37,000 truck trips off state roads annually under the 2016 Industrial Rail Access Program, the department said in a statement.
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Vargo appoints former Target supply chain VP to president of its Vargo Adaptive Software division, while The International Air Cargo Association elects a board member and the European Community Shipowners’ Associations names legal affairs director.
Ocean carrier schedule and capacity database BlueWater Reporting constructed a chart illustrating Hanjin’s impact on three separate trades.
A survey conducted by American Shipper revealed that 40 percent of participants believe the most likely outcome of Hanjin’s predicament is that its assets will be liquidated and acquired by multiple carriers.