The third-party logsitics company's Americas division has carved out a group to create a host of customized transportation services, including cross-border, forward inventory handling, and managed transportation solutions.
John Urban, who is a founder and former president of GT Nexus, served as an executive with APL and was also president of domestic intermodal carrier NPSC.
Florida East Coast Railway Holdings Corp. will be acquired by GMéxico Transportes S.A. de C.V. in an all cash transaction.
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Ocean carriers entering the market in 2010 and 2011 had a tough time, but SM Line said it believes it is timing its entrance into the transpacific market well, noting how freight rates are improving.
About 180 unionized Korean Air pilots seeking a 29 percent pay increase began a 10-day strike yesterday, causing the airline to cancel 148 passenger and cargo flights on domestic and international routes.
Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.