State-owned Korea Ocean Business Corporation (KOBC) has, reportedly, signed off on some W6.15trn ($5.4bn) of new funding for the country’s biggest ocean carrier, Hyundai Merchant Marine (HMM) – but much of this cash will be needed to cover continued operations.…
Yusen Logistics has sold its North American intermodal and road freight brokerage operations to US logistics service provider Transplace.
The deal, for an undisclosed amount, covers Yusen intermodal operations in Jacksonville, Cincinnati, Memphis, Chicago and Dallas, and the unit will …
Air freight customers will soon be able to track shipments from warehouse to destination using bluetooth technology.
The race to implement bluetooth in unit load devices (ULDs) has seen Delta Cargo and Cathay Pacific take the lead, and this morning …
A couple of years have passed since the management team at DSV promised it would strike another large deal – now, given market talk spurred by the latest corporate events at AP Møller-Maersk Group (APMM), DSV’s most likely target might …
Bloomberg has published an interesting analysis of the ‘new Nafta’, calling it a “grim” combination for Mexicans who “already felt too dependent on the US”. The new pact isolates the three-country North America bloc further, diminishing Asia’s role in supply …
Leicestershire based Tools supplier Cromwell Tools, has chosen Howard Tenens as their distribution partner to facilitate their national branch distribution from Q3 2018. The three-year deal will see Howard Tenens utilising their Closed Loop Transport Network which is currently utilised …
Hapag-Lloyd has rolled out its plans for recovering the extra cost of compliance with the IMO’s 0.5% sulphur cap for shipping, which comes into force in less than 15 months.
It no doubt hopes its proposals will be better received …
