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Dubai-based Mercator, majority owned by the private equity group Warburg Pincus, plans to link Catapult's rate and quote management solutions with its own air cargo-focused technology.
Tight trucking and warehouse capacity will force rates higher as the U.S. economy improves, according to a new report from the Council of Supply Chain Management Professionals.
UPS Capital's acquisition of the logistics arm of global integrated security company G4S is its second recent purchase in the high-value cargo logistics sector.
Georgia Ports Authority said TEU volumes in Savannah have climbed almost 17 percent in the past 12 months.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."