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Spot container rates between Asia and Europe last week hit a six-month high, according to data from the Shanghai Shipping Exchange's Shanghai Containerized Freight Index.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
The third party logistics provider said it will launch an updated version of RapidLink, its web-based supply chain software and service solution.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.