The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.
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OmniTRAX’s logistics arm has begun arranging the transport of coiled steel from NUCOR Steel in Hickman, Ark. to pipe and rod manufacturer WEBCO in Sand Springs, Okla., using unit trains and its nearby transload facility for the first time.
Non-vessel-operating common carrier American Fast Freight has acquired Global Transportation Services, an international freight forwarder, customs broker and logistics services provider.
Wallenius Wilhelmsen Logistics has agreed to plead guilty and pay a $98.9 million criminal fine for its involvement in a conspiracy to fix prices on international ocean shipments of roll-on/roll-off cargo.