Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating cost."
Orient Overseas Container Line’s parent company said it is not aware or involved in any bid relating to the company or OOCL.
Kansas City Southern’s net income fell 1.1 percent to $479.9 million for the full year in 2016 on revenues that slid 3.5 percent compared to the previous year, according to the company’s most recent financial statements.
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The freight forwarder and customs broker has merged with Fred P. Gaskell Co. of Norfolk, Va., effective Nov. 1, 2016, according to a statement from the company.
Technology is the fundamental reason why the manufacturing jobs of the 1950s and ‘60s have gone away and won’t come back, not trade deals and currency devaluation, according to American Shipper IT Editor Eric Johnson.
Trade data technology provider Datamyne has been acquired by logistics and customs software maker Descartes in a $52.7 million deal intended to help Descartes’ customers make more informed supply chain decisions.