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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The Obama Administration indicated Friday that within 30 days, it plans to send to Congress the bill that would implement the Trans-Pacific Partnership agreement negotiated and signed by a dozen countries earlier this year.
Industrial conglomerate Honeywell is reportedly in talks to purchase JDA Software, one of the largest developers of transportation management system and warehouse management system platforms.
Judge John Sherwood of the U.S. Bankruptcy Court for the District of New Jersey moved to recognize receivership proceedings in South Korea for the now insolvent ocean carrier Hanjin Shipping.