David Kersten, an analyst from the investment bank Jefferies, told Bloomberg in an interview the most likely scenario is that Maersk would take over the assets of the South Korean liner carriers.
Aviation industry officials and governments are expected to finalize a global climate change agreement at the International Civil Aviation Organization's 39th Assembly in Montreal, which begins today, according to the Air Transport Action Group.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
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The Surface Transportation Board last week issued two decisions in passenger rail proceedings, one of which included the withdrawal of a previous proposal that would have allowed railroads to prioritize cargo operations over Amtrak passenger trains.
The South Korean ocean carrier filed for recognition of its Korean insolvency proceeding in the United States Friday in the U.S. Bankruptcy Court for the District of New Jersey and the court ordered a hearing on the request for Tuesday.
Electronics manufacturer Samsung said in court filings that "cargo owners are being held hostage," while Maher Terminals said it "is not required to extend free credit to Hanjin, and should not be forced to."