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Union Pacific and DB Schenker appoint senior executives, while Episcale hires two former American Airlines Cargo executives and Avianca's CEO steps down.
Spot container rates from Shanghai to Northwest Europe this week saw the largest single week drop ever recorded on the Shanghai Containerized Freight Index.
Profits increased compared to the same 2014 period despite lower revenues and volumes due to the ocean carrier leaving certain trades and weak demand on Asia-Mediterranean routes.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.