The express airfreight carrier division of FedEx Corp. will commence a new flight between subsidiary TNT Express’ air hub in Liège, Belgium, to the FedEx World Hub in Memphis, Tenn. in early April 2017, the company said in a statement.
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
After falling in 19 of the previous 21 months, railway employment levels in the United States in February 2017 ticked up 0.28 percent from the previous month, according to recent data from the U.S. Surface Transportation Board.
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BlueWater Reporting has illustrated how ocean carrier alliances have taken over the Asia-Europe and transpacific trades over the years, as independent carriers have all but disappeared from these trades.
Shippers and logistics service providers continue to improve the nature of their strategic relationships, recognize the value of technology and innovation, and forecast growth outside their traditional businesses, according to an eyefortransport report.
South Korean ocean carrier Hyundai Merchant Marine said it expects to save costs and boost competitiveness through the “2M+H Strategic Cooperation,” which was signed Wednesday in Sausalito, Calif.