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Neptune Orient Lines, parent of liner company APL, has confirmed it has entered into talks with CMA CGM and Maersk about a potential sale, while COSCO and China Shipping told FMC Commisioner William Doyle they are in the "beginning stages of a merger."
The Port of New Orleans handled 537,285 TEUs in the past year through September 2015, surpassing the half million-TEU mark for the first time in any 12-month period, CEO Gary LaGrange said at the 29th Annual State of the Port Address.
The third-party logistics provider's new license allows the company to operate as a full fledged forwarder after operating in China for several years on a limited basis as an NVOCC.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.