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A Paris court has granted XPO Logistics a temporary injunction against Elliott Management Corp., limiting the hedge fund from selling its shares of ND, according to reports from the Wall Street Journal.
Retailer diverted cargo, formed chassis fleet, and used untapped drayage to combat West Coast congestion.
Federal Maritime Commissioner Richard Lidinsky noted shippers diverted cargo to Canadian and Mexican ports to avoid port congestion on the United States West Coast.
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.