Nippon Yusen KK, Japan’s largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.
October 7, 2016Search
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Robert Brown of Bot Auto breaks down the state of autonomous trucking today, and where it's headed.
Hanjin Shipping Containers Stranded Again? California Officials Wary of Plan
Some of the 15,000 steel shipping containers at the ports of Long Beach, and Los Angeles abandoned in the wake of the financial collapse of Korea-based Hanjin Shipping Co. may be headed to Ontario, California, for storage — but not without opposition from city leaders.
October 6, 2016Hanjin Could Have Survived With Creditors’ Aid, Chairman Cho Yang-ho Says
Hanjin Shipping Co., the South Korean container line whose filing for bankruptcy protection roiled the global supply chain, could have survived if creditors had provided the company with aid, Group Chairman Cho Yang-ho said.
October 4, 2016Shipping Technology Startups May Get Boost From Hanjin Woes
SINGAPORE — The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player Hanjin Shipping Co. slowly is waking up to the redeeming potential of technology.
September 29, 2016South Korean Court Considering Sale of Hanjin Shipping
The South Korean court overseeing Hanjin Shipping Co.’s receivership is considering a sale process for the entire container line, a month after the debt-laden company’s filing roiled supply chains worldwide.
September 29, 2016Flexport Raises $65 Million in Venture Capital to Expand Operations
San Francisco startup Flexport Inc. raised $65 million in venture capital to expand U.S. and global operations, the company announced Sept. 26.
September 29, 2016DHL Acquires UK Mail for $315.5 Million
Deutsche Post DHL Group has agreed to acquire UK Mail Group on Sept. 28 for 242.7 million pounds ($315.5 million), enhancing the company’s presence in the e-commerce market in Great Britain.
September 29, 2016Houston Port Credited for Being 'Creative' to Move Hanjin Cargo
Port of Houston Authority officials acted quickly to deliver stranded cargo after Hanjin Shipping Co. sought bankruptcy protection, offering to move and release the containers for a reduced fee.
September 29, 2016Appeals Court Rejects XPO Bid to Invalidate Texas Union Vote
The 5th Circuit Court of Appeals has rejected XPO Logistics’ bid to throw out an unfavorable union representation vote at Laredo, Texas, during 2014.
September 28, 2016Maersk Raided in South African Shipping Collusion Probe
South Africa’s Competition Commission searched the premises of six shipping companies, including AP Moeller-Maersk A/S, as part of an investigation into allegations that they colluded to fix incremental cargo rates between Asia and South Africa.
September 28, 2016