The freight visibility software provider said it will be aggressively pursuing plans through 2017 to introduce support for additional modes of transportation.
Drewry's investment arm said the Taiwanese government will need to support Yang Ming, but Bronson Hsieh, chairman of the shipping company, said a merger is not an option.
Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad CSX as his next move.
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JLL Chief Industrial Economist Walter Kemmsies said many factors are likely to impact the freight movement industry, ranging from macro issues, such as possible trade policy and regulation changes, to specific issues that affect how goods are shipped.
While a host of technology startups have adopted Uber-like models to tackle automated freight matching in the trucking industry, in the last two months, Uber themselves and Amazon have jumped in the fray.
The ExpressRail Port Jersey facility will be located adjacent to the recently expanded GCT Bayonne container terminal and is scheduled for completion in mid-2018.