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Commissioners of the Pacific Northwest ports approved a plan to unify their marine cargo terminal investments, operations, planning and marketing in an attempt to strengthen the Puget Sound gateway and attract more marine cargo to the region.
The Danish conglomerate has been affected by fallen oil prices and low Asia-Europe freight rates.
Florida Ports Council appoints 2015-2016 leadership and the Busan Port Authority names CEO, while Con-way Freight promotes VP of western area sales.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.