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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Parcel carrier FedEx Corp. not only knew it was transporting illegal drugs, but deliberately evaded the U.S. Drug Enforcement Administration, Assistant U.S. Attorney John H. Hemann said Monday in his opening statement.
Meanwhile, the pound slid the most on record to its weakest since 1985, while the yen rallied on demand for haven assets, following Britain’s vote to leave the European Union.
The supervisory board of Deutsche Post DHL Group has appointed Melanie Kreis to succeed Lawrence A. Rosen as chief financial officer of the German mail and logistics conglomerate.