The Panama Canal Authority said it is confident in the process it uses to move ships through the new locks at the canal, following an accident last week that damaged the Xin Fei Zhou after it made contact with one of the walls at the Agua Clara Locks.
Ocean carrier MSC has started investing in TRAXENS, a French start-up that produces technology for ocean container tracking.
Although activity increased from the first quarter, total deal volume and value in the transportation and logistics sector was still down 18 percent and 22 percent year-over-year, respectively, according to a new report from PricewaterhouseCoopers.
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The collision in northern Texas left one injured and three missing Tuesday morning.
The aging Poe Lock was rebuilt in 1968 and is currently the only lock at the Soo Locks Complex equipped to handle 1,000-foot vessels.
Non-vessel-operating common carrier American Fast Freight has acquired Global Transportation Services, an international freight forwarder, customs broker and logistics services provider.