The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.
The U.S. Department of Agriculture said the nation's agricultural trade surplus is also expected to increase to $19.5 billion for fiscal year 2017, up 40 percent from $13.9 billion for fiscal year 2016.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.
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The Itasca, Ill.-based third-party logistics provider has added a 50,000-square-foot warehouse on the border of Shenzhen in southeastern China, 30 minutes away from the Port of Hong Kong and 45 minutes from Hong Kong International Airport.
The Greenwich, Conn.-based third-party logistics provider’s CEO Brad Jacobs is bullish on his company's technology focus as it secures $1.6 billion in debt refinancing that will lower interest payments 12 percent over the next five years.
The air cargo services provider reported a loss per diluted share of $0.26 in second quarter 2016 compared with a $1.13 per share gain in the same 2015 period due to unrealized gains related to vested warrants granted to e-commerce giant Amazon.com.