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Wei Jiafu, former chief executive officer of COSCO, has been named CEO of a Pasadena, California-based company called Apollo Acquisition Corp.
The cases, involve courier and taxi companies that allegedly underpaid workers for their service, are the latest to challenge the traditional owner-operator driver model.
Media reports have French logistics company adding venerable U.S. 3PL in what would be the latest in a string of major acquisitions in the third party logistics market.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.