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The international freight forwarding and logistics company reached an agreement with Dutch Flower Group Wednesday to acquire a majority stake in its airfreight forwarder Airflo.
Viking Supply Ships AB’s fully-owned subsidiary, TransAtlantic AB, will sell its container operations to X-Press Feeders and its ship management operations to AtoB@C.
Evergreen, COSCO, Hanjin and Yang Ming issued a seasonal suspension for their jointly operated AWS/NUE3 loop between Asia, Central America and the U.S. East Coast.
The U.S. Gulf port also expects to benefit from continuing population migration to Texas and the expansion of Panama Canal, which is scheduled to be completed in April 2016.
Meanwhile, a Federal Aviation Administration task force released its recommendations regarding a registration program for unmanned aircraft systems that will affect the use of drones in both commercial and recreational settings.
Box volumes at the largest U.S. East Coast port were up 11 percent year-over-year in October, driven primarily by a 9.8 percent spike in loaded import containers.