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The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
The German ocean carrier advanced its timetable on plans to launch a stock market flotation as a result of positive second quarter financial results.
French logistics company gets a stake in U.S. market with purchase of OHL for undisclosed sum, continuing trend this year of major 3PL acquisitions across the globe.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.