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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Starting next week, the terminal will be the first of six facilities within the Port of New York and New Jersey to roll out the port authority's new Truck Management System.
The U.S. maritime regulator granted the five-member ocean carrier alliance approval to take effect Dec. 19.
The Georgia Ports Authority and the South Carolina Ports Authority signed an agreement in 2015 to develop the Jasper Ocean Terminal, which will be jointly owned and operated by both port authorities.