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Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
The $76 million purchase of MK Data bolsters Descartes customer base and screening content, while also giving further visibility into what value the market places on compliance-related software companies.
The port drivers' seventh strike at Los Angeles and Long Beach in recent years is targeting Pac 9 Transportation in protest over alleged independent contractor misclassification.
Philip Seng, president and CEO of the U.S. Meat Export Federation, warned the U.S. meat industry is rapidly falling behind its competitors in the lucrative Chinese market.
Kuehne + Nagel will introduce refrigerated less-than-containerload pharmaceutical services from its facility in Geel, Belgium to Singapore and Sydney, Australia.
Incidents in Belgium accounted for 161 of the 501 total cargo thefts reported in the region during the second quarter, according to the FreightWatch International Q2 2015 Intelligence Update Report for Europe, the Middle East and Africa.