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"In second half of 2015, international trade still won’t be cheerful," CSCL said in its most recent financial statements, pointing to the massive influx of new capacity in the ocean liner industry.
Media reports have French logistics company adding venerable U.S. 3PL in what would be the latest in a string of major acquisitions in the third party logistics market.
Ocean carriers Maersk Line and CMA CGM issued general rate increases.
Shandong Huahai Shipbuilding, a small shipbuilding company based in Rizhao, Shandong, went into court receivership and will now be liquidated after an application from its primary creditor was accepted by the Rizhao Intermediate People's Court.
The ground handing and air cargo services provider will take over full cargo handling services for Oman Air at various locations throughout Europe.
The rail freight provider commenced a new service between the Port of Felixstowe and the Birmingham Intermodal Freight Terminal in Birch Coppice, Birmingham.