SEOUL, Sept 21- The board of Korean Air Lines, the largest shareholder of collapsed Hanjin Shipping Co Ltd, has approved lending 60 billion won to the container carrier, using Hanjin's accounts receivable as collateral, a spokesman for the airline said on Wednesday. The spokesman said the funds would be used to help to offload cargo that has been stranded on Hanjin...
Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami has not been allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit port.
Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami is not being allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit...
Sept 16- Schneider National Inc, one of the largest truckload carriers in the United States, is exploring an initial public offering that could value it at as much as $5 billion, including debt, people familiar with the matter said on Friday. The company may seek to raise as much as $700 million in its IPO, one of them added. In June, Schneider National acquired Lodeso...
A Forrester Research report expects intelligent agent to displace about 6-percent of positions within the next five years.
The chairman of Hanjin Group transferred $36 million to Hanjin Shipping to help unload cargo stranded on the troubled shipper's vessels.
The crisis surrounding Hanjin Shipping has rocked the industry, but even more shipping lines could find themselves in trouble, warns a CEO.
The funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving, an analyst said.
The overall shipping industry in South Korea, not just Hanjin Shipping, will shrink, says Kiwoom Securities' Daniel Yoo.
The "Fast Money Halftime Report" traders and Stephanie Link, TIAA Global Asset Management, discuss the impact of Hanjin's bankruptcy on rails and roads ahead of the holidays.
SEOUL, Sept 9- Korean Air Lines, the biggest shareholder in Hanjin Shipping, on Friday delayed a decision on a funding plan for the troubled company for a second time, adding to uncertainty about cargo stranded at sea following the failure of the world's seventh-largest container carrier. Four vessels have also been seized as of Thursday, according to Hanjin...
UPS SAYS WILL HELP CUSTOMERS SHIFT THEIR GOODS FROM HANJIN TO OTHER OCEAN VESSEL OPERATORS, AND OFFER THEM AIR FREIGHT SERVICES.
Christmas shoppers and Korean correspondents are among the likely vicitms of the collapse of South Korean container shipper Hanjin Shipping.
UPS CFO Richard Peretz discusses how the bankruptcy filing of South Korean giant Hanjin Shipping will ripple through the global logistics chain.
Sept 6- Demand for global air freight rose 5 percent in July, at the fastest rate in almost 18 months, the International Air Transport Association said on Tuesday. The positive result, driven by strong growth in Europe and the Middle East, was despite subdued global trade, IATA said. Available capacity rose 5.2 percent in the month, and load factors fell by 0.1...
The funding, however, is seen as falling far short of what the world's seventh-largest container carrier needs after filing for court receivership.
Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized.
The downfall of the South Korean shipper, Hanjin Shipping, has sent shockwaves across businesses globally.
One company is making the traditionally staid world of warehouse management is getting exciting, with a little help from technology.
Hanjin Shipping's troubles come at a time when the industry is facing an oversupply of ships amid falling demand, S&P Global Platts' Pradeep Rajan.