XPO Logistics CEO Brad Jacobs commented on the contentious relationship between the union and his company after Teamster-affiliated protesters burst into one of the morning sessions at the JOC’s TPM Conference in Long Beach, Calif.
The warehousing and food logistics company will add 6.5 million cubic feet of capacity to its Clearfield, Utah facility.
A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
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Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.
Capacity in the major east-west trades leveled out during fourth quarter 2016 as merger and acquisition announcements continued to filter into an already unstable market, according to the latest quarterly World Liner Supply Report from BlueWater Reporting.
Hyundai Merchant Marine has entered into a contract to acquire Hanjin Shipping terminals in Tokyo and Kaohsiung.