Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection in late August, won approval from a court to wind down its European operations as demand for its services to the continent slumped.
October 24, 2016Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Princeton Consultants Acquires TMS Software From Norfolk Southern
Princeton Consultants, an information technology and management consulting firm, has acquired the transportation management software business from TransWorks, a unit of rail operator Norfolk Southern Corp., and will use it as the basis for a new business to help manage interactions between shippers and carriers.
October 24, 2016Hanjin Shipping Wins Court Approval to Wind Down Europe Business
US Trailer Orders Fall by 65% in September as Market Returns to More ‘Typical’ Demand
Trailer orders in September fell below 13,000 as the market continues to adapt and reshape itself after a banner 2015, analysts said.
October 24, 2016XPO Logistics and Hewlett Packard to Lay Off 70 Employees in Iowa
XPO Logistics Inc. and Hewlett Packard Co. plan to lay off about 70 employees in Iowa on Oct. 31 after the two companies ended a contract and parted ways.
October 21, 2016Union Pacific Net Income Slips 13% as Freight Volume Declines
Union Pacific Corp. net income slipped 13% to $1.13 billion, or $1.36 per share, hurt by lower intermodal and other freight volume and weaker pricing.
October 20, 2016Bankrupt South Korean Shipping Giant Hanjin to Lay Off 400 Workers
SEOUL — Bankrupt South Korean shipping giant Hanjin said Oct. 20 it plans to lay off 400 workers — more than half of its land-based staff — as it attempts to right its corporate ship.
October 20, 2016Hanjin Bankruptcy Hurts Long Beach, But Doesn't Impact Other US Ports in September
The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.
October 19, 2016APL Logistics Names Shigeo Mori as New CFO
APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.
October 19, 2016FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport
PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.
, October 18, 2016Natso Joins R.I. Trucking Association in Fight Against Truck-Only Tolls
The Rhode Island Trucking Association has a new ally, the National Association of Truck Stop Operators, in its ongoing battle against Gov. Gina Raimondo’s trucks-only tolling plan.
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