David Kersten, an analyst from the investment bank Jefferies, told Bloomberg in an interview the most likely scenario is that Maersk would take over the assets of the South Korean liner carriers.
Aviation industry officials and governments are expected to finalize a global climate change agreement at the International Civil Aviation Organization's 39th Assembly in Montreal, which begins today, according to the Air Transport Action Group.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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Watco Supply Chain Services has purchased BCM Logistics, a Clearfield, Utah-based provider of door-to-door intermodal services, for an undisclosed sum, according to a statement from the company.
A survey conducted by American Shipper revealed that 40 percent of participants believe the most likely outcome of Hanjin’s predicament is that its assets will be liquidated and acquired by multiple carriers.
Ed Greenberg, counsel for the National Customs Brokers and Forwarders Association of America, said the association, along with other groups, will submit a petition to the FMC on behalf of its members that feel they have been incorrectly assessed demurrage.