Business
Yang Ming announced that it has raised US$54 million from several private investors in the first round of its comprehensive recapitalization plan, with “vast interest” from current shareholders.
In a statement on its website, officials write: “To recap briefly, Yang Ming had set out a comprehensive recapitalization plan to raise capital in 2017. The plan involved a reverse split of Yang Ming's then outstanding shares as well as a coordination of ...
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Delta Air Lines and Korean Air have reached an agreement to create a leading trans-Pacific joint venture in both scope and service, offering an enhanced and expanded network, industry-leading products and service and a seamless customer experience between the U.S. and Asia. The agreement, signed ...
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Lineage Logistics, LLC, one of the world’s largest temperature-controlled warehousing and logistics companies, announced on June 15 that it has acquired Partner Logistics, Europe’s leading cold storage provider and world’s largest automated cold storage company. The transaction marks the first international acquisition by Lineage, an ...
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Fourkites has launched the industry's first real-time temperature and location tracking solution for shippers. The offering will allow FourKites' customers to monitor shipment temperatures and ensure compliance across their supply chains.
FourKites' real-time temperature tracking makes it easier for enterprise shippers to comply with the Food Safety ...
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Railroads, trucking, and certain types of aviation are ripe for automation that will improve the safety and efficiency of U.S. freight transportation, but ill-balanced regulations prevent companies and consumers from capitalizing on these opportunities, according to a new report from the Information Technology and Innovation Foundation (ITIF). ...
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WHAT: Landstar System recently celebrated the opening of its new U.S./Mexico Logistics Service Center in Laredo, TX. Design-Build firm, Haskell, relied on Work Zone Cam's high-quality time-lapse construction webcam to document the entire process from start to finish. Progress from May 2016 to February 2017 can ...
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Deutsche Post DHL Group has entered into a strategic partnership with Plug and Play, a global startup ecosystem and venture fund specializing in the development of early-to-growth stage technology startups. The partnership will see Deutsche Post DHL Group join Startup Autobahn, a mobility-centric program led ...
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The U.S. Food and Drug Administration (FDA) will begin implementing their Food Supplier Verification Program (FSVP) on May 30, 2017. The program requires importers to verify that the food items meet U.S. safety standards.
The main requirements of the program include:
Identifying the responsible FSVP Importer ...
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The Port of Virginia® moved 246,871 TEUs in May, which is growth of 12.5% when compared with the same month last year and an all-time record for productivity at the port.
“The new alliances and the cargo owners are capitalizing on Virginia’s natural and manmade assets ...
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DP World announces that Qatar-flag vessels calling or departing from Qatar can no longer call at DP World terminals in the UAE until further notice. Major ports in Egypt, the UAE, Saudi Arabia and Bahrain also remain closed to some ships after those nations announced ...
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