Hapag-Lloyd to acquire Zim in $4.2B deal
Under the deal, Hapag-Lloyd will operate a fleet of more than 400 vessels, creating a capacity of over 3 million TEUs.
Under the deal, Hapag-Lloyd will operate a fleet of more than 400 vessels, creating a capacity of over 3 million TEUs.
If trucking rates remain elevated into the spring, carriers will likely move to push prices higher on new and existing contracts in the second half of the year.
CEO Rodolphe Saadé said the deal deepened a strategic partnership between the carrier and India that has existed for almost 40 years, adding the liner would also expand its engagement in container manufacturing and ship recycling.
The success of container lines in keeping vessel utilization high by removing functional capacity weakens the network and ups volatility in ocean reliability.
As volumes of new energy generation and storage technologies increase, shippers expect more documentation, transparency and greater control over risk, according to project forwarders and carriers.
The retailer would benefit from an AI solution for sourcing agility and resiliency, Chief Procurement Officer Karoline Dygas said at Manifest 2026.
The facility, which will also produce packaged meats, will replace a more than 100-year-old plant in South Dakota and provide “significant efficiency gains.”
As volumes of new energy generation and storage technologies grow, shippers expect more documentation, transparency and greater control over risk, according to project forwarders and carriers.
The carrier plans to shutter 22 facilities with Teamsters members across 18 states this year, according to court documents.
Mario Rivera is tasked with driving an end-to-end supply chain transformation for the cosmetics maker after stints at CVS Health and Target.