FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
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U.S. Customs and Border Protection, and the Immigration and Customs Enforcement’s Homeland Security Investigations, reported that seizures of imports containing intellectual property infringements rose 25 percent year-over-year in fiscal year 2015.
Meanwhile, the U.S. Federal Maritime Commission is calling for carriers and shippers to work together to find a solution so exports are not left on the docks for lack of verified gross mass documentation come July 1.
Importing cargo from Asia to Central Europe is more sustainable when done through big ports in the north than through southern Europe, which requires longer hinterland routes, according to a new study by Netherlands-based research firm Panteia.