Kewill will pay Brambles, the Australian holding company that owns Michigan-based LeanLogistics, $115 million to acquire the cloud-based multi-tenant TMS and managed transportation services provider.
At a briefing in Washington, D.C., Singapore's ambassador to the Unites States Ashok Kumar Mirpuri said trade is what plugs in smaller economies and opens selling opportunities for United States firms.
A CSX freight train carrying hazardous materials went off the rails along a busy route in Northeast Washington, D.C. early Sunday morning, spilling sodium hydroxide and forcing the suspension of service on the Metro’s Red Line.
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The decision is a reversal of plans announced in March, when the ocean carrier said it would deploy its flagship fleet of six, 18,000-TEU containerships between Asia and the United States West Coast starting in May.
Federal Maritime Commissioner William P. Doyle praised the statement from ocean carrier group OCEMA, but noted officials "still need to address an important liability issue for the shippers" in order to implement new verified gross mass requirements.
Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.