The New Wave Group, a wide-ranging manufacturer whose brands include Craft, Speedo, Pax, Ahead, Clique and Kosta Boda, signed an exclusive three-year contract with DHL Global Forwarding for ocean transportation.
Workhorse Group has developed an eight-rotor “octocopter” called HorseFly designed to be used in tandem with its electric package delivery trucks, some of which are in service with companies like FedEx and UPS.
The ocean carrier reported a net loss of 7.21 billion yuan renminbi in the first six months of the year compared with a 1.97 billion yuan renminbi profit in the same 2015 period amid its merger with fellow state-run line China Shipping.
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The logistics provider has begun introducing vertical-specific carve-outs of its visibility and transportation technology suites, with new tracking and dashboard tools for retailers.
The London-based shipping research and consulting firm said carriers can’t cut costs fast enough in an industry where revenues may be $50 billion below what they were in 2014.
The French ocean carrier, which earlier this year acquired a majority of NOL, the parent company of ocean carrier APL, will consolidate the existing transpacific businesses of its ANL and US Lines brands between North America and Asia under the APL brand.