Spotlight what the majority of stakeholders have been saying all along: The application lacks transparency and depth while offering mitigating conditions of little benefit to address the scope of competitive harms we believe this merger represents,” Zak Anderson, BNSF’ s vice president of communications, said in a statement. Nevertheless, UP said it was pleased with the underlying decision.
Hapag-Lloyd to alter Zim bid to placate Israel
Hapag-Lloyd will revise its $ 4.2 billion takeover deal for Zim Integrated Shipping Services to address concerns from the Israeli government that the transaction, in its current form, would undermine national security. CEO Rolf Habben Jansen said in a statement the Hamburg-based carrier was“ developing an improved proposal.” No details were provided, nor did Hapag-Lloyd indicate when the new terms would be disclosed. The proposed acquisition has faced strong opposition from the highest levels of Israel’ s government, as well as labor unions, since it was announced in February. Following a series of meetings with Israeli government officials, it is believed revisions to the proposal include establishing Zim as an Israeli-controlled carrier owned by Israeli private equity fund FIMI. If the takeover is successful, the combined entity will solidify Hapag-Lloyd’ s position as the world’ s fifth-largest container shipping company with more than 400 ships and a combined fleet capacity of over 3 million TEUs.
K + N’ s Kühne, OOCL’ s Tung both dead at 89
Klaus-Michael Kühne, the billionaire and majority shareholder of Kuehne + Nagel( K + N), died Aug. 24 in the Swiss town of Schindellegi. He was 89. Kühne’ s death was announced by Geneva-based K + N, the company co-founded by his grandfather, August Kühne, and where he began his seven-decade career in 1958. One of Germany’ s richest men, Kühne was seen as a visionary in the world of logistics, serving as CEO of K + N for 17 years before becoming majority owner and then honorary chairman of the board. But he was also dogged by reports that the Kühne family fortune profited from assets of Jewish families looted by the Nazis during World War II. Kühne is widely regarded as playing a pioneering role in shaping global trade and
Kuehne + Nagel
developing today’ s global supply chains. Meanwhile, Tung Chee-hwa, the shipping tycoon turned politician who steered the Tung family liner company, Orient Overseas Container Line( OOCL), away from the brink of collapse in the 1980s and later helmed Hong Hong’ s transition from British to Chinese control, has also died at age 89. His death was confirmed by his private office in Hong Kong. Tung was chairman of
STATEMENT OF OWNERSHIP MANAGEMENT AND |
CIRCULATION( Required by 39 U. S. C. 3685) |
1. |
Title of publication: Journal of Commerce. |
2. |
Publication No.: 1530-7557. |
3. |
Date of filing: September 11, 2026 |
4. |
Frequency of issue: Monthly. |
5. |
No. of issues published annually: 12 |
6. |
Annual subscription price: $ 595.00 |
7. |
Location of known office of publication: 55 |
WATER ST FL 39, NEW YORK NY, 10041-3207 |
8. |
Location of the headquarters or general |
business office is: 55 WATER ST FL 39, NEW YORK NY, 10041-3207 |
12. Extent and Nature of Circulation the group between 1976 and 1977 and later became patron. Tung took over running the family shipping interests, which included OOCL and bulk operator Island Navigation, in 1982. It was widely believed that China’ s support of Tung and Orient Overseas led to him being appointed as Hong Kong’ s first chief executive 12 years later, when Britain handed sovereignty of Hong Kong back to China on July 1, 1997.
Average No. Copies Each Issue During Preceding 12 months
Actual Number of Copies of Single Issue Published Nearest to Filing Date
9 / 7 / 2026
A. Total No. copies printed |
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( Net Press Run) |
6152 |
6680 |
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B. Paid and / or requested circulation
1. Sales through dealers and carriers, street vendors and counter sales
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224 |
436 |
2. Mail subscriptions 3125 3193
C. Total paid and / or requested circulation |
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( Sum of B1 and B2) |
3349 |
3629 |
E� �����������distribution by mail, carrier |
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or other means; samples, complimentary |
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, and other free copies |
2766 |
3019 |
F. Total distribution( Sum of C and E) 6115 6648
G������������������������ ������������������������������������������������������������
OOCL
37 32
�. Total( Sum of F & G – should |
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equal net press run shown in A) |
6152 |
6680 |
13. I certify that the statements made by me abo e are correct and complete. Signed: Carmen Verenna, Head of Operations
9. Names and addresses of Publisher and Editor are: Publisher: Cindy Cronin 206 Winding Forest Drive, Troutman, NC 28166� Editor: Mark Szakonyi, 1200 G St NW, Washington, DC 20005: Managing Editor: Benjamin Meyer, 28 Algonquin Rd, Norwalk, CT 06851
10. Owner is: S & P Global, Inc, 55 WATER ST FL 39, NEW YORK, NY 10041-3207
11. Known bondholders, mortgages, and other security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities are: None.
NOTE: This required postal form does not include the additional distribution of digital editions of the Journal of Commerce magazine www. joc. com October 5, 2026 | Journal of Commerce 7