Japanese financial services firm Orix Corp. said the company decided to increase its exposure to shipping industry debt because it sees the “current market conditions as a favorable investment opportunity,” according to a report from Reuters.
The trucking technology provider said the new product offers rating solutions based on dimensional weight, modeled on Mexico-to-Mexico postal codes and delivered in Mexican pesos.
Total deal value and volume in the transportation and logistics industry for the full year in 2016 fell 31 percent and 6 percent, respectively, from the previous year, according to a new report from PricewaterhouseCoopers.
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About 180 unionized Korean Air pilots seeking a 29 percent pay increase began a 10-day strike yesterday, causing the airline to cancel 148 passenger and cargo flights on domestic and international routes.
The London-based shipping research and consulting firm said expenses have been cut to the bone in the past two years, so increases would not be unexpected.
Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.