Air Van acquires fellow 3PL G&C Cartage

Third-party logistics provider Air Van announced Monday it has acquired fellow Jacksonville, Florida-based company G&C Cartage. Founded in 1971, G&C Cartage provides warehousing and transportation services to clients out of a lone facility with more than 35,000 square feet of space. The company recently underwent an overhaul, allowing it to reduce costs by more than…

War risk exclusions by insurers heighten stakes in Red Sea attacks

In early February, oil markets were lulled by hope of a now-unlikely ceasefire in the Israel-Hamas war. But a recent string of Houthi attacks have reignited concerns about the Red Sea crisis, raising the floor for tanker rates. The Iran-aligned Houthis claimed responsibility for Friday’s attack on oil tanker M/T Pollux, which was bound for…

Ports roundup: Georgia breaks export record with almost $50B in trade

The Georgia Ports Authority sets export record for the third year consecutive year; the Alabama Port Authority and CSX partner to launch a new intermodal facility; and the Port of Cleveland receives $32 million to modernize its facilities. Georgia breaks export record with almost $50B in trade in 2023 For the third consecutive year, exports…