The Baltic Exchange Ltd. entered into exclusive talks with the Singapore Exchange Ltd., following an "attractive" proposal from the Asian bourse.
The inland river port handled 180,328 tons of waterborne cargo in April, a 23 percent year-over-year increase, the port said.
Strong language is often needed to advocate for a position, but now that progress is being made on container weight verification, people should choose their words more carefully.
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The Swiss-based freight forwarding and logistics company is best known for its air and freight forwarding business, but has successfully added warehousing and distribution, along with related outsourced services, to its portfolio over the years.
Ports that insist on "no doc/no gate" policies with regard to verified container weights could lose business, the company's export manager says.
The Memphis, Tenn.-based parcel carrier and logistics provider will use the proceeds to help finance its planned 4.4 billion euro purchase of Dutch delivery company TNT Express NV.