Under the renewed long-term agreement, XPO Logistics will continue to manage nine reverse logistics service centers for Leeds-based ASDA Stores, Ltd., as well as collaborate on environmental sustainability efforts.
The Sydney, Australia-based third-party logistics provider will build two new purpose-built ships with 40 percent more capacity to support trade between Victoria and Tasmania, the company said in a statement.
The Greek port saw profits for the first half of 2016 jump 5.6 percent year-over-year to 12.7 million euros, despite headwinds from a 28-day strike carried out by staff between May and June.
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Guy Courtin, vice president of industry and solution strategy at GT Nexus, said shippers should think of visibility as a tool to monitor and connect all of their trading partners, whether product suppliers or transportation vendors.
The U.S. government has established an air transport agreement with the Mexican government designed to increase trade and travel between the two nations.
The Singapore-listed containership owner and operator is unable to meet on-going coupon and principal payments on $100 million Singapore (U.S. $73.2 million) on 8.45 percent notes due May 2017, the company said in a presentation to noteholders.