Hanjin Shipping Co.’s vessels are getting stranded at sea after the South Korean container mover filed for court protection, roiling the supply chain of televisions and consumer goods ahead of the holiday season.
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Distressed Hanjin Shipping Co. Becomes Symbol of Industry in Pain
Hanjin Shipping Co., the distressed Korean container mover that filed for court protection Aug. 31, is emerging as a symbol of the slump that has plagued the industry since the global financial crisis.
August 31, 2016Hanjin Shipping Files for Court Protection After Revamp Rejected
Hanjin Shipping Co. applied for court protection Aug. 31 after failed efforts to secure credit and tide over a cash shortage.
August 31, 2016Seventh Largest Container Shipping Company One Step Closer to Bankruptcy
SEOUL — Hanjin Shipping Co.'s banks are halting support for the South Korean company, its lead creditor said, making it likely the nation's largest shipper is headed for bankruptcy as it is dragged down by a deep global industry downturn.
August 30, 2016Exxon to Introduce New Engine Oils on Website
ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.
August 26, 2016NFI Will Pay $1 Million to Settle Overtime Probe
National Freight Inc. will pay about $1 million to settle a Labor Department investigation that concluded the New Jersey-based warehouse and distribution company didn't pay 357 driver dispatchers and yard spotters for overtime, the DOL announced.
August 26, 2016Maersk Exploring All Options as Report Points to 2-Way Split
A.P. Moeller-Maersk A/S said it's still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a two-way split into an energy and a transport company.
August 19, 2016Proposed Florida Freight Zone Gets Thumbs-Up From County Planning Organization
BARTOW, Fla. — A proposed freight logistics zone stretching from the Port of Tampa to Lake Wales won an endorsement on Aug. 18 from Polk's Transportation Planning Organization.
August 18, 2016XPO Logistics Continues to Restructure Debt
XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.
August 17, 2016Analysis: Maersk's Sinking Feeling
It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.
August 17, 2016