The Norwegian global maritime industry group inked a deal to acquire the technical business solutions business from Drew Marine for approximately $400 million.
Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2016.
The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.
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Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the industry is behind in digitalization.
Sinotrans & CSC, parent company of the largest freight forwarder in China, has become a wholly-owned subsidiary of transportation, finance and real estate conglomerate China Merchants Group.
U.S. shippers should not underestimate the power the nation’s longshore unions hold over the flow of containerized cargo, said Chris Gillis, editor at American Shipper.