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Several major logistics and transportation company stocks fell Monday in response to fears of potential trade fallout from a prolonged downturn in the Chinese economy.
Ocean carrier MSC said it will divert cargo destined for Hodeidah to the Port of Aden after airstrikes by the Saudi-led coalition caused major damage to port infrastructure.
The authority said that as a result of recent rainfall, there is no longer a need for the second draft restriction that was tentatively scheduled for Sept. 15.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.
The Port of Rotterdam Authority signed an agreement with the Medan, Indonesia-based port company to conduct a feasibility study on the construction of a new deep water port in Kuala Tanjung.