The Taiwanese ocean carrier reported a loss of 14.91 billion Taiwan new dollars (U.S. $492.1 million) for the full year in 2016 compared with TWD 6.46 billion the previous year, according to the company’s latest filing with the Taiwan Stock Exchange.
Walmart is opening an import distribution center in Mobile, Ala., which is expected to boost cargo volumes at APM Terminals Mobile by 10-20 percent.
The world’s fourth largest container shipping line, COSCO Shipping, experienced the 9.9 billion yuan (U.S. $1.44 billion) loss due to weak freight rates and restructuring costs, Reuters said Thursday.
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PortMiami’s box volume for the fiscal year ended Sept. 30 was slightly below that handled at nearby Port Everglades.
The Chicago-based freight broker and supply chain management company introduced the scholarships to support women in the supply chain and logistics industry.
The new super post-Panamax container crane capable of moving cargo on and off 14,000-TEU ships was damaged during set-up.