Kewill will pay Brambles, the holding company that owns Michigan-based LeanLogistics, $115 million to acquire the cloud-based multi-tenant TMS and managed transportation services provider.
At a briefing in Washington, D.C., Singapore's ambassador to the Unites States Ashok Kumar Mirpuri said trade is what plugs in smaller economies and opens selling opportunities for United States firms.
A CSX freight train carrying hazardous materials went off the rails along a busy route in Northeast Washington, D.C. early Sunday morning, spilling sodium hydroxide and forcing the suspension of service on the Metro’s Red Line.
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The first phase of the “Middle Harbor Project,” due to go into operation this year, will add about 10 percent more container capacity to the nation’s second largest container port and allow Long Beach Container Terminal to handle 18,000-TEU vessels.
Meanwhile, the European Commission Competition Directorate has set a “provisional deadline” for a decision on CMA CGM's purchase of APL parent Neptune Orient Lines for this Friday, April 29.
With freight rates already 20 percent lower than in 2015, the London-based shipping consultant is predicting prices will continue to slide in the second quarter of 2016.