Multimodal transportation provider J.B. Hunt Transport Services announced Tuesday that former Kansas City Southern President and CEO Patrick Ottensmeyer has joined its board effective last Friday. The addition expands the company’s board to 10 seats. Ottensmeyer’s time at Class I railroad KCS spanned 17 years and included significant growth in revenue as well as improvement…
U.S. and U.K. airstrikes on Houthi positions in Yemen have not made the Red Sea any safer for shipping. “Red Sea issues are getting worse, not better,” said Stifel shipping analyst Ben Nolan. The dry bulk carrier Gibraltar Eagle, owned by Connecticut-based Eagle Bulk (NYSE: EGLE), was struck by an anti-ship ballistic missile in the…
While the logistics industry is still in the early stages of adopting AI in its supply chain, many companies are investing in digital abilities to expand services to clients. In times of uncertainty, it’s the ability of a logistics company to offer real-time container analysis for clients and provide them with certainty that makes a…
Air France-KLM and ocean shipping power CMA CGM, citing regulatory challenges in various nations, have agreed to discontinue their air cargo capacity-sharing agreement one year into a 10-year partnership, the companies announced on Tuesday. Commercial cooperation between the two airline groups will end on March 31, one year after it began. Air France-KLM’s cargo division…
Brad Jacobs, serial entrepreneur and executive chairman of XPO Logistics, launched his book on Monday, enticingly titled, “How to Make a Few Billion Dollars.” In this, his first book, Jacobs describes the many good and sometimes painful lessons he has learned through his tenure of building billion-dollar companies out of fragmented markets. Jacobs provides diverse…