TEST Home Page Slider - Tab 4

   Zhang Ye, president of the Shanghai Shipping Exchange (SSE), said Thursday that his institution is seeking permission from Chinese authorities to open up its electronic platform for trading container freight rate derivatives to shippers and carriers around the world.    The exchange launched the platform in June 28, and has achieved daily volume of about 100,000 TEUs. It allows shippers and carriers to trade contracts based on where they believe two components of the SSE’s Shangha...

Strategy of former YRC Worldwide 3PL mixes global capabilities with local touch. By Eric Kulisch    MIQ Logistics, formed after troubled freight transportation conglomerate YRC Worldwide sold off its logistics division to private investors one year ago, is thriving as a standalone company.    The logistics service provider is on track to close its fiscal year with gross revenue above $700 million — about $100 million more than its final year as YRC Logistics, said Joey Carnes, MIQ Lo...