Japanese financial services firm Orix Corp. said the company decided to increase its exposure to shipping industry debt because it sees the “current market conditions as a favorable investment opportunity,” according to a report from Reuters.
The trucking technology provider said the new product offers rating solutions based on dimensional weight, modeled on Mexico-to-Mexico postal codes and delivered in Mexican pesos.
Total deal value and volume in the transportation and logistics industry for the full year in 2016 fell 31 percent and 6 percent, respectively, from the previous year, according to a new report from PricewaterhouseCoopers.
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Approximately 250 pilots working for ABX Air went on strike Tuesday morning, refusing to fly scheduled routes, including those for the airline’s major customers, DHL and Amazon.
The outbound cross-border eCommerce distribution center is scheduled to be built by April 2017 in Narita, Japan.
Harold J. Daggett, president of the International Longshoremen’s Association, said the union will oppose fully-automated container terminals in upcoming contract talks with the United States Maritime Alliance.