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The state-owned logistics company received approval last week for an initial public offering that could be the country’s biggest since NTT Docomo Inc. went public in 1998, according to reports from the Wall Street Journal.
The logistics industry is "facing an unprecedented labor shortage" for which 79 percent of 3PLs are unprepared, according to a new study from Penske Logistics.
A report from the Working Group for the Fiscal and Economic Recovery of Puerto Rico, established by Governor Alejandro García Padilla, said a Jones Act exemption would "reduce transportation costs and increase competitiveness."
Just prior to announcing the board of TNT Express had approved its sale to FedEx, the company issued an investor alert warning shareholders that third quarter 2015 profits would be “materially lower” than in the third quarter of 2014.
A massive influx of refugees fleeing the war in Syria has resulted in increased wait times at border crossings and reduced volumes for trucking carriers, according to the International Air Cargo Association.
ConAgra Foods appoints chief supply chain officer, while heavy-lift ship operator SAL names project department head.