The German ocean carrier revealed the merger between itself and UASC will create the world’s fifth largest container carrier and secure the large ships it needs for the Far East-Europe trade.
The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
The port terminal operator division of China COSCO Shipping Corp. posted net profits attributable to equity shareholders of the company of $171.9 million on revenues of $275 million, year-over-year declines of 8.1 percent and 0.6 percent, respectively.
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Singapore-based global cargo transportation and logistics company APL Logistics Ltd. launched a joint venture with Arab Global Logistics LLC in Oman.
The Atlanta-based package delivery giant has streamlined its ground package network to speed up e-commerce deliveries from U.S. retailers to eastern Canada by a day.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has been president and CEO of MLL since 2014.