Agriculture Transportation Coalition Executive Director Peter Friedmann wrote a letter to Secretary of Transportation Elaine Chao Thursday, asking for help in preventing a work stoppage on U.S. Gulf and East Coast ports, which the ILA has threatened.
Meanwhile, the parcel giant and third-party logistics provider also announced plans to offer Saturday delivery options in large metropolitan areas in the U.S., and has began testing a residential drone delivery system.
The e-commerce giant will add 2,000 new full-time positions at two new California fulfillment centers and more than 5,000 jobs in the United Kingdom during 2017.
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However, COSCO SHIPPING Holdings said it does expect to have earnings before interest and tax of approximately 700 million Chinese yuan renminbi for the fourth quarter of 2016, excluding the net loss it incurred from the demolition of vessels.
Feeder ships play a huge role in global trade and the future of these ships is quite secure, said Captain James McNamara, who currently serves as chairman of the Maritime Industry Museum at Fort Schuyler, N.Y.
The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.