Business
A U.S. Bankruptcy judge on Dec. 12 approved bankrupt trucking company Yellow Corp to sell 130 of its real estate and shipping centers to 21 buyers for US$1.88 billion.
U.S. Bankruptcy Judge Craig Goldblatt, in approving the sale during a court hearing in Wilmington, Delaware, said the bids were a “tremendous outcome” for Yellow and its creditors.
Yellow Corp., the nearly 100-year-old trucking company, filed for relief under Chapter 11 of the ...
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Kicking off 2024, the Montreal Port Authority’s lead looked back at development on projects in 2023, and a look towards the Canadian port’s future.
Geneviève Deschamps, interim president and CEO, appointed in August, detailed a few projects in the port’s recent in-house publication, Logbook. Meanwhile, the ...
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The Port of Long Beach expect to ride the steel wheels towards becoming a zero-emission seaport, CEO Mario Cordero said Jan. 17 during his seventh state-of-the-port address.
Construction is expected to start this year on the Pier B On-Dock Rail Support Facility, which aims to move ...
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Maritime research and consulting service providerDrewry said its World Container Index increased 23 percent to US$3,777 per 40-foot container for the week of Jan. 18.
Drewry Supply Chain Advisors’ WCI composite increased 82 percent when compared to the same week last year. Further, the FEU rate ...
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Norwegian logistics service provider Wallenius Wilhelmsen has reached agreement with Kalmar, part of Cargotec, to supply four heavy electric forklift trucks, two electric reachstackers and three heavy terminal tractors for the carrier’s U.S. logistics network.
The order, which also includes the Kalmar Insight fleet performance management ...
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Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings Inc., said it has taken delivery of a Boeing 777 Freighter, which it will operate on behalf of customer MSC Mediterranean Shipping Co. SA, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, ...
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German state rail operator Deutsche Bahn has launched the sale of its DB Schenker arm, one of the world’s largest forwarding and logistics companies.
The DB Group said that investors would need to express interest in the next few weeks. The company is valued at between ...
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Pharma solutions organization Cencora’s World Courier arm is to open transport stations in Denver, Indianapolis and San Diego to delivery specialty products, including those that require cryogenic storage. The Indianapolis site will be equipped with liquid nitrogen.
They extend World Courier’s network of facilities in North ...
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The Port of Long Beach will receive $283 million from the federal government to assist in building "America's Green Gateway," a rail project which will enable one of the nation's busiest seaports to move more cargo by trains, speeding deliveries across the entire national supply ...
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Bahri Logistics has entered into an international freight forwarding service agreement with Saudi Arabia Railways (SAR). SAR is the owner and operator of the railway networks in Saudi Arabia, which plays a pivotal role in supporting the goals of building an integrated transportation system. Under ...
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