The new pool is scheduled to launch Monday and will be managed by Consolidated Chassis Management on behalf of the North American Chassis Pool Cooperative.
The Institute of International Container Lessors appoints new chairman, Dayton Freight promotes three employees to service center positions, and Page International names director of sales.
Drewry’s investment research arm said it believes CMA CGM of France is best positioned among the major carriers to be a perfect suitor for Orient Overseas (International) Limited, the parent company of Hong Kong-Based OOCL.
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The World Trade Organization has found one of seven separate Boeing tax incentives identified by the European Union to qualify as subsidies since it is contingent on the use of domestic goods over imported ones, according to a statement from the WTO.
Jon Ross, a former American Shipper editor who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.
Fellow South Korean ocean carrier Hyundai Merchant Marine expects to finalize the purchase of a 100 percent stake in Total Terminal International Algeciras in late December, subject to due diligence, the company said in a statement.