American Shipper is gathering feedback from shippers, carriers, and others to better understand perspectives on how well the Federal Maritime Commission is doing as chief U.S. regulator of the shipping industry.
The shipping research and consulting firm attributed November’s year-over-year increase in idled containership capacity to the Panama Canal’s new locks, which made smaller containerships less attractive, along with Hanjin’s bankruptcy.
The Dubai-based operator will own 55 percent of a new vehicle targeting port and terminal investment opportunities outside of the United Arab Emirates, while Canadian pension fund Caisse de dépôt et placement du Québec will hold the other 45 percent.
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Although Hillary Clinton and Donald Trump have both stated they will not support the Trans-Pacific Partnership agreement, U.S. Trade Representative Michael Froman said the U.S. economy will be harmed if Congress rejects the free trade deal.
DHL Supply Chain has purchased a 100 percent stake in Carugate, Italy-based MIT Safetrans, which specializes in high value logistics services in the technology, pharmaceutical, banking and vending sectors, for an undisclosed price.
The head of the largest freight brokerage in North America told American Shipper this week that capital fueling acquisitions and new technology will push his company and industry as a whole.