FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
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Third-party logistics provider CJ Korea Express is considering purchasing Netherlands-based CEVA Logistics from private equity firm Apollo Global Management, according to a report from industry news outlet The Loadstar.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six major East and Gulf coast ports to establish a common streamlined “Terminal Weighing Approach."
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.