For nearly two years, capital markets have punished Zim, the Israeli containership line whose fleet is the 10th-largest on the ocean. Zim’s model, which involves operating a subscale, highly chartered fleet of smaller vessels almost wholly exposed to the spot market, took a beating when collapsing spot rates collided with its high COVID-era lease expenses….
Transport and logistics provider DHL Group said Tuesday that it has relocated its Norfolk, Virginia, operations to a facility more than twice the size of its prior location. The $7.3 million investment increases shipment capacity and enables faster processing, resulting in later cutoff times for shippers in eastern Virginia, said DHL, a German company with…
Deadlines are looming for all briefs to be filed with the Texas Supreme Court as it decides whether to review the enormous verdict against Werner Enterprises growing out of a 2014 fatal wreck. With interest, the sum now stands above $100 million. A primary brief was filed in October by attorneys for the Blake family,…
U.S. consumers are not as eager right now to open their wallets to purchase a lot, but that does not mean anticipated lower volumes cannot create any logistical hiccups. They still can. Shippers are taking advantage of the longer transit around the Cape of Good Hope and the wait at the Panama Canal due to…
Fastfrate Group and CPKC railway announced Tuesday the renewal and expansion of their agreement that provides intermodal and drayage services across Canada, the U.S. and Mexico. The five-year agreement aims to improve and speed up North America’s supply chain, while tapping into growing cross-border trade among the three countries, especially the automotive industry, Fastfrate officials…