Memphis, Tenn.-based third-party logistics provider Mallory Alexander appoints chief administrative officer, while the Port Authority of New York and New Jersey selects general counsel.
Carriers may seek to "turn the table" on shippers who drove hard bargains, but an upturn in rates may be short-lived.
Cold chain solutions provider CSafe Global acquired Kalibox, adding over 5,000 square meters of manufacturing in two European locations to CSafe’s current six North American locations that have a combined space of over 20,000 square meters.
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Price, port coverage and transit times are traditionally the primary determinants in choosing a container carrier or service loop, but with vessels stopping at fewer ports and sailing slower than ever before, it's fair to wonder if this is still the case.
The Honolulu-based shipping company agreed to pay $511 million for both of the Kanaloa Class vessels from General Dynamics NASSCO.
The German ocean carrier said the 20 percent year-over-year drop in revenues to $2.1 billion for the quarter reflected subdued economic growth in many parts of the world, tough competition in the liner shipping industry and falling freight rates.