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Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
The shipment management software provider's "Big Schedule" platform is intended to let shippers visualize their planned routes and better understand potential reliability and delay concerns.
Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
Descartes will link trade compliance data and documentation from its Global Logistics Network to SAP's transportation management application for better shipment visibility for SAP's TM customers.
The U.S. Department of Commerce’s Bureau of Economic Analysis also revised a previous prediction of a 0.2 percent decrease in first quarter gross domestic product to a 0.6 percent increase.