The voyage data recorder from the U.S.-flag cargo ship that sank Oct. 1, 2015 near the Bahamas was in good condition and revealed bridge audio, weather data and navigational data.
Commissioner William P. Doyle of the U.S. Federal Maritime Commission voted in favor of requesting additional information from the four shipping companies planning to create the Ocean Alliance.
The South Korean ocean carrier submitted a financial improvement plan to the state-run Korea Development Bank Thursday, but did not reveal details on the plan.
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The Itasca, Ill.-based third-party logistics provider has added a 50,000-square-foot warehouse on the border of Shenzhen in southeastern China, 30 minutes away from the Port of Hong Kong and 45 minutes from Hong Kong International Airport.
The national postal carrier of Australia has purchased a 4.5 percent stake in global transportation and logistics provider Aramex for a reported $100 million Australian (U.S. $76 million) in an effort to boost its e-commerce capabilities.
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.