The Icelandic shipping company said its Blue Line service will drop a call at Hamburg in favor of a call at Bremerhaven, which offers excellent connections via Bremerhaven to Asia, Africa, South America and North America.
OmniTRAX Logistics Services has agreed to purchase all assets belonging to Terracor Group, including three transload facilities in Texas and Montana, as well as a frac sand mining opportunity in Wisconsin, the company said in a statement.
The total bill for bankruptcies and bailouts in South Korea’s ocean freight transportation and shipbuilding sector could also result in redundancies and layoffs of around 10,000 workers, according to a recent report from the International Monetary Fund.
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Datamyne provided American Shipper with statistics illustrating how some non-vessel-operating common carriers pulled U.S. import volume from Hanjin ships prior to August, while others ramped up their use of the financially stricken carrier.
However, the Department of Homeland Security waived the 100 percent scanning law for the third time, which was originally scheduled to be implemented four years ago in reaction to 9/11.
A new Visibility Benchmark Study from American Shipper also found that third-party logistics companies have a major problem delineating their cost to provide visibility to shippers.