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Singapore investment company Temasek is seeking buyers for Neptune Orient Lines, parent of ocean carrier APL, according to reports from the Wall Street Journal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."
Retailer diverted cargo, formed chassis fleet, and used untapped drayage to combat West Coast congestion.
Philip Seng, president and CEO of the U.S. Meat Export Federation, warned the U.S. meat industry is rapidly falling behind its competitors in the lucrative Chinese market.
Kuehne + Nagel will introduce refrigerated less-than-containerload pharmaceutical services from its facility in Geel, Belgium to Singapore and Sydney, Australia.
Incidents in Belgium accounted for 161 of the 501 total cargo thefts reported in the region during the second quarter, according to the FreightWatch International Q2 2015 Intelligence Update Report for Europe, the Middle East and Africa.