Investment firm Ridgemont Equity Partners will purchase third-party logistics provider Worldwide Express and merge it with portfolio company and fellow 3PL Unishippers Global Logistics to create a new firm called Worldwide Express Global Logistics.
DHL Global Forwarding appoints head of operations in Hong Kong and Macau, while FourKites adds to management team, GAC announces new C-level appointments, and Centiro names vice president of sales and operations for North America.
Global trade management solutions provider GTKonnect has acquired ECCNSelect software and its patented technology platform for ECCN determination and management.
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The Pacific Merchant Shipping Association will start publishing the average container dwell times at 12 marine terminals in the ports of Los Angeles and Long Beach on a monthly basis to help supply chain efficiency efforts.
The ship management software provider analyzed six ports throughout the world to better understand what impact the new verified gross mass amendment of the Safety of Life at Sea convention has had on the shipping industry since it took effect July 1.
Federal Maritime Commission Chairman Mario Cordero said that as container carriers form new alliances and merge, they are seeking new powers, causing some nervousness among shippers.