XPO Logistics CEO Brad Jacobs commented on the contentious relationship between the union and his company after Teamster-affiliated protesters burst into one of the morning sessions at the JOC’s TPM Conference in Long Beach, Calif.
A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
Under the newly expanded contract, Worldwide Flight Services will handle up to seven direct flights a week connecting Chicago O’Hare International Airport with Taipei and an estimated 56 million kilos in cargo annually, according to a statement from WFS.
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The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal Maritime Commission.
The Israeli container carrier told American Shipper Friday it is rejecting the rumor that it has intentions to sell its global shipping operations to instead become a regional Mediterranean carrier.
Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.