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Several major logistics and transportation company stocks fell Monday in response to fears of potential trade fallout from a prolonged downturn in the Chinese economy.
Hapag-Lloyd names new chief commercial officer, while the Long Beach Board of Harbor Commissioners elects new officers and AMI appoints Africa region VP.
Data from shipment management software provider CargoSmart showed Maersk/MSC bested other alliances on the transpacific, but it lagged well behind on transatlantic reliability.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.