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Netherlands-based parcel courier TNT Express is expected to approve the $4.8 billion acquisition in October, but the transaction will still be subject to regulatory and anti-trust approval.
Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
The ocean carrier members of the G6 Alliance will cancel four additional sailings in the Asia to Europe trade, one each on their Loop 4, Loop 5, Loop 6 and Loop 7 services.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.