Hurricanes cause trucking spot rate spike.
An active hurricane season in the South East and Gulf States has given rise to a heavy increase in trucking spot rates as distribution centers around the area are marked by flooding and high winds. With Hurricane Harvey barely out of Houston, the nation remains fixed on the assessment of damages in Miami as Irma… Read more »
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Cosco buys OOCL for $6.3bn
On July 9th, state owned Cosco Shipping Holdings agreed to pay $6.3bn for OOCL, becoming the latest, and expected to be final, consolidation of shipping lines this year. Pending regulatory approval, Cosco would become the third largest shipping line with over 400 ships with a capacity of 2.9 million TEUs. In the deal, OOCL would… Read more »
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Three things we can learn from the Maersk cyber attack
Last week, the malware Petya infected computers worldwide in a cyberattack, including the diversified Danish giant Maersk, owners of the largest shipping line in the world. In addition to several other industries, Maersk also owns the global terminal operator APM Terminals, and they were affected by Petya as well. In an update issued to customers yesterday,… Read more »
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Our Office in Ningbo
In an effort to expand our reach and coverage to better serve our customers, Everglory Logistics is thrilled to discuss our recently acquired Ningbo office. With 3500 square feet of space and a highly trained 35 person staff of logistics professionals, we find that this location will offer more opportunities in China and Asia… Read more »
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All Samsung Galaxy Note 7’s are banned from US flights.
Travelers are no longer allowed to carry Samsung Electronics Co. Note 7 phones on airlines due to their propensity to overheat and catch fire. Those who try to bring the phones on an airplane will be fined and the phone will be confiscated. This ban surpasses the limitations of traditional lithium ion battery laws in… Read more »
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