The German ocean carrier said its merger with UASC will create the world's fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.
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Virginia-based visibility and analytics provider TransVoyant's system is rooted in work it's done for national security customers, but the company is now firmly rooted in the commercial applications market.
The Obama administration is ratcheting up fuel efficiency and greenhouse gas emission standards for heavy duty commercial vehicles.
The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.