The Netherlands-based third-party logistics provider has appointed Peter Waller chief finance officer and member of its executive board.
The Bonn, Germany-based parcel carrier said it will impose a 4.9 percent general average price increase for its U.S. account holders, effective Jan. 2.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
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Various media reports have speculated the sale of South Korean liner carrier Hanjin Shipping, viewing COSCO and Maersk Line as possible buyers.
Sources said the South Korean liner carrier will lay off about 180 members of its 500 person workforce in the United States on Friday.
Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.