The third-party logistics and freight forwarding arm of the Deutsche Post DHL Group launched SameDay Speedline, a global expedited airfreight service for urgent delivery of spare parts, critical medical supplies, or newly launched products.
Association of American Railroads President and CEO Edward R. Hamberger said recent attempts to “re-regulate” the Surface Transportation Board’s railroad rate review process are “misguided.”
Under the strategic partnership, Herzog Technologies will provide short-line railroad operator Watco Cos. with positive train control program management and back-office hosting services, according to a spokesperson for Watco.
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Japanese container carrier Kawasaki Kisen Kaisha could be targeted by Singapore-based hedge fund Effissimo, the firm’s largest shareholder as of early August, according to recent media reports.
The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.
A survey conducted by American Shipper revealed that 40 percent of participants believe the most likely outcome of Hanjin’s predicament is that its assets will be liquidated and acquired by multiple carriers.