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Supply chain solutions provider NFI said it has acquired the freight brokerage operation of Transfix, a digital freight platform.Transfix will pivot its core business to solely focus on software and data solutions for brokers, shippers and carriers, with NFI to be the first third-party customer to utilize Transfix’s TMS.NFI said Transfix will help strengthen carrier and customer interactions and offer more robust brokerage solutions, coupled with NFI’s existing in-house technology. ...
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Shipping line Hapag-Lloyd said it will begin to apply a booking cancellation fee, or BCF, for North American exports, starting July 1.The carrier will charge a US$25 fee per container if customers cancel, reduce or roll bookings three calendar days or less prior to the ...
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Galveston Wharves said is spending more than US$90 million to update decaying or underused infrastructure and to maximize undeveloped acreage to grow its cargo business, as part of its 20-year strategic master plan.“We’re on the cusp of a new era of cargo growth for Galveston,” ...
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A bipartisan U.S. Senate bill would create a government-wide approach to monitoring, tracking and strengthening U.S. supply chains.The Promoting Resilient Supply Chains Act, introduced by Sen. Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science and Transportation; and Sen. Marsha Blackburn (R-Tenn.), a ...
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Swiss WorldCargo, the cargo unit of Swiss International Air Lines (SWISS), has launched a new route between Zurich and Toronto, Canada, as part of expanding its long-haul network served by SWISS and Swiss WorldCargo.The addition of Toronto to its international network will support SWISS airfreight ...
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A.P. Moller – Maersk, or APMM, reported that its first quarter 2024 topline fell 13 percent year-over-year to US$12.4 billion, and EBIT slumped 92.4 percent to US$177 million.However, EBIT re-entered the positive territory (from an EBIT loss of US$537 million in the further quarter of ...
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Hapag-Lloyd hasl unveiled its Strategy 2030, a comprehensive roadmap charting the course for the company's pursuit in quality leadership, sustainability, innovation, and operational efficiency in a rapidly evolving maritime industry.Over the past five years, the company has made significant progress in customer satisfaction, financial stability, ...
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The U.S. Department of Transportation’s Federal Aviation Administration has awarded another round of funding for 90 airport-related infrastructure grants, totaling US$186.7 million across 34 states.The projects are funded under President Biden’s Bipartisan Infrastructure Law Airport Infrastructure Grants (AIG) program, part of the US$25 billion total ...
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The Port of Brownsville has secured the first tenant, Westa Inc., at the port’s new 118-acre business park.Westa Inc., a major player in the agricultural industry, will invest US$20 million to establish an advanced wheat flour mill and wheat storage silos at the Port of ...
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Maryland’s Department of Transportation said May 2 that it estimates it will cost US$1.7 billion to US$1.9 billion to rebuild Baltimore’s collapsed Francis Scott Key Bridge, which was struck by a container ship in March.The state DOT said the estimate “is in line with similar ...
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