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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Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, ICAO names new president of its Air Navigation Commission, and ATA hires vice president of safety policy and connectivity.
The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
Jeffrey S. Musser, the president and chief executive officer of Expeditors International, said the company shipped record volumes in both air and ocean freight during the quarter.