Logistics News

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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.
 

BusinessLogistics

Korea Line Is Winning Bidder for Hanjin Assets in Fire Sale

Korea Line Corp., South Korea’s second-largest bulk carrier, won a bid for some assets of Hanjin Shipping Co. in a bankruptcy sale supervised by a South Korean court.

November 14, 2016
BusinessLogistics

Troubled Hanjin's Fleet Shrinks to a Tenth of Its Size

Hanjin Shipping Co.’s fleet has shrunk to about a tenth of its size after the South Korean container line returned most of its chartered vessels to owners in the weeks after its bankruptcy filing.

November 14, 2016
BusinessLogistics

Stores Hustle to Get Holiday Goods to Shelves After Hanjin's Collapse

LOS ANGELES — The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company’s sudden collapse two months ago. But in its wake, the giant shipping line has left a mess that retailers across the country will be sorting out for weeks.

November 9, 2016
BusinessLogistics

Shares of World’s Biggest Shipping Line Fall Amid Fears of Trade Wars

A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall Nov. 9 as the outcome of the U.S. presidential election fanned concern there will be a shift toward policies that are hostile toward global trade.

November 9, 2016
BusinessLogistics

Earnings, Revenue Dip at Expeditors International

Third-quarter air and ocean volumes increased for freight forwarder Expeditors International of Washington, but profit margins declined, leading to dips in revenue and net income for both the three- and nine-month periods ended Sept. 30, the Seattle-based firm said Nov. 8.

November 8, 2016
BusinessLogistics

Cargo Owners in Flight to Safety After Hanjin Collapse, Shipping Lines Say

SHANGHAI — Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co., top shipping executives said.

November 8, 2016
BusinessLogistics

As Holidays Approach, Stores Struggle to Sort Out Hanjin Shipping Mess

The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company’s sudden collapse two months ago.

November 7, 2016
BusinessLogistics

XPO Logistics Sells Truckload Unit, Posts Record Third-Quarter Profit

The North American truckload landscape has shifted with XPO Logistics selling its Con-way Truckload business to Canadian transportation conglomerate TransForce Inc. for $558 million.

November 7, 2016
BusinessLogistics

Leased Hanjin Containers Going Back to Asia

Containers that were leased to Hanjin Shipping Co. and stuck at the trucking company’s yard can now be returned to the Port of Long Beach, California, and loaded onto a vessel chartered to take them back to Asia.

November 4, 2016
GovernmentBusinessSafetyLogistics

Police Organization Urges Regulators to Refine Speed-Limiter Proposal

The National Fraternal Order of Police called on federal transportation regulators to gather additional information and refine a speed-limiter proposal for trucks.

November 3, 2016