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No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
The Danish firm's acquisition of third-party logistics provider UTi is the latest in a string of international mergers in the 3PL industry this year.
The logistics industry is "facing an unprecedented labor shortage" for which 79 percent of 3PLs are unprepared, according to a new study from Penske Logistics.
The fund will be held and administered by the Seamen’s Church Institute, North America’s largest mariners’ service agency, following the structure put in place by TOTE.
The entire investigation into the loss of TOTE Maritime Puerto Rico ship will take 12-18 months, but the NTSB will release findings on an "as needed" basis in advance of its final report.
The national mail carrier of Singapore and aspiring global logistics provider has agreed to purchase a 71.1 percent share in Jagged Peak, Inc. for $15.8 million.