A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
Under the newly expanded contract, Worldwide Flight Services will handle up to seven direct flights a week connecting Chicago O’Hare International Airport with Taipei and an estimated 56 million kilos in cargo annually, according to a statement from WFS.
The primary federal funding mechanism for transportation infrastructure projects will run out of money once the FAST Act expires in 2020, according to Bud Wright, executive director of the American Association of State Highway and Transportation Officials.
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The International Longshoremen’s Association is calling for a shutdown of ports along the Atlantic and Gulf Coasts, and a march in Washington.
Federal Maritime Commissioner Rebecca Dye said the reduction from four to three major container shipping alliances should decrease rates on the transpacific trade, but the decline could be offset by upward rate pressure due to expected mergers.
Deutsche Post DHL Group and information and communications technology solutions provider Huawei Technologies are teaming up to develop a range of supply chain solutions using industrial-grade Internet of Things hardware and infrastructure.