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Descartes Systems Group said Wednesday it has acquired Oz Development, a provider of application integration solutions that help small-to-midsized businesses automate their logistics and supply chain processes.
Neptune Orient Lines, parent of liner company APL, has confirmed it has entered into talks with CMA CGM and Maersk about a potential sale, while COSCO and China Shipping told FMC Commisioner William Doyle they are in the "beginning stages of a merger."
The ocean carrier broke ground on a construction project at its Isla Grande Terminal in San Juan, Puerto Rico, which includes the development of a new pier and all associated dredging needed to accommodate its two new liquefied natural gas-powered vessels.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.