The Houston, Texas-based third-party logistics provider moved into a new 34,000-square-foot warehouse and office complex adjacent to the London Heathrow Airport in an effort to enhance its UK market presence.
SEKO Logistics named Michael Christensen president of SaaS and CPO of International Supply Chain Solutions to lead a new business unit focusing on the third-party logistics provider’s service-as-a-software technology solutions.
Reported cargo thefts in the state of Rio de Janeiro for the second quarter surged 34 percent year-over-year to 2,151 reported incidents as the nation’s economy continues to shed jobs.
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The U.S. Justice Department said Jacintoport International and Seaboard Marine Ltd. have agreed to pay $1.075 million to settle a lawsuit alleging that the companies violated the False Claims Act.
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most recent financial statements.