United States GDP grew slightly more than initially expected in the first quarter of 2016, but durable goods orders fell in May, according to the most recent data from the Department of Commerce.
The struggling South Korean shipping line plans to return 20 containerships and 18 bulk vessels when their charters expire this year and next as the latest step in its cost cutting and restructuring efforts.
DB Schenker appoints senior finance and HR executives for North America team, while the Canadian Airports Council elects new chairman.
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French trucking operator Jacky Perrenot will acquire the container transportation activities of CMA CGM subsidiary Greenmodal Transport, according to a report from Lloyd’s Loading List.
Recently purchased APL parent Neptune Orient Lines couldn’t cut costs fast enough to compete in an increasingly commoditized market, chief executive Ng Yat Chung said in a surprisingly candid interview with Singapore’s Straits Times.
The agricultural export group, which has been a critic of the container weight regulation implementation process, praised South Carolina Ports Authority CEO Jim Newsome for suggesting the use of port scales to obtain verified gross mass.