APL Logistics said its employees are retracting earlier statements they made last week regarding "K" Line's financial position.
U.S. gross domestic product increased 1.4 percent in the second quarter of 2016, according to the “third” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
Rep. Jaime Herrera Beutler, R-Wash., sent a letter to the heads of the Department of Transportation, Federal Railroad Administration and Pipeline and Hazardous Materials Safety Administration asking DOT to study potential methods for reducing the combustib
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Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.
However, individual terminals at the ports of Los Angeles and Long Beach will negotiate directly with chassis leasing companies over compensation for storing chassis and providing services to lessors.
The future of South Korea’s largest container shipping company looks grim, with numerous media outlets reporting lenders are refusing to extend the company additional credit.