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Shares in two Chinese liner shipping companies suspended; a merger could create fourth largest container carrier.
Several major logistics and transportation company stocks fell Monday in response to fears of potential trade fallout from a prolonged downturn in the Chinese economy.
The Federal Aviation Administration has proposed civil penalties ranging from $54,000 to $63,000 against four companies for allegedly violating the country’s hazardous materials transport regulations.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.