The Seattle, Wash.-based global logistics provider’s diluted net earnings per share totaled $0.63 per share for the second quarter of 2016, a year-over-year increase of 3 percent, according to the […]
The North American Chassis Pool Cooperative has partnered with Consolidated Chassis Management to operate a pool of 40-foot premium chassis available for short and long-term use, the organization said Monday.
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $48.4 million on $501.4 million in revenues for second quarter 2016, year-over-year decreases of 8.3 percent […]
The Singapore Exchange Ltd. is expected to make a formal offer shortly to purchase London’s Baltic Exchange, and sources put the value of the potential deal around $100 million.
The Los Angeles-based customs broker, which is a division of APL Logistics, opened a new office in Charlotte, N.C.
The industrial real estate development and management firm established a distribution center in Goodyear, Ariz. for Michael Lewis Company.
The third-party logistics provider opened a 33,000-square-foot temperature-controlled distribution center in Phnom Penh, Cambodia.
Union Pacific promotes VPs and Aljex Software names VP of sales and marketing, while CentrePort Canada appoints CFO and the Allen Lund Co. picks Atlanta office manager.
Meanwhile, the Bonn, Germany-based parcel carrier is withdrawing from long-distance bus service and selling its Postbus unit to FlixMobility GmbH for an undisclosed price, Deutsche Post DHL Group said in […]
The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped another 3.1 percent year-over-year in May 2016, according to the Bureau […]
Meanwhile, the Athens-based containership owner and chartering company struck a charter rate reduction deal with South Korean ocean carrier Hyundai Merchant Marine.
The West Coast Marine Terminal Operators Agreement postponed the implementation date of the $5 chassis fee imposed by container terminals at the ports of Los Angeles and Long Beach from […]
The new Greensboro, N.C.-based airfreight carrier received clearance from the U.S. Department of Transportation to begin scheduled domestic and international service using its two 767-200ER aircraft.
The U.S. Justice Department said Jacintoport International and Seaboard Marine Ltd. have agreed to pay $1.075 million to settle a lawsuit alleging that the companies violated the False Claims Act.
TOTE Maritime Puerto Rico formed a partnership with INTERSHIP to establish a terminal operating company called Puerto Rico Terminals, which will combine $38 million worth of existing assets at the […]
Denis V. Ilin is stepping down from his position as executive president of the airfreight carrier after three years, in accordance with mutual agreements, parent company Volga-Dnepr Group said in […]
Superior, Wis.-based Fraser Shipyards has been accused of exposing workers to hazardous conditions during the six-month retrofit project of a 690-foot freighter.
The South Korean shipping and logistics firm will invest 480 million Chinese yuan renminbi for a 50 percent share of Shenzen Speedex Commercial Service, a subsidiary of Chinese electronics manufacturer […]
England Logistics names business development manager for new Atlanta office, while maritime solicitor Tatham Macinnes adds partner.
The shipping advocacy group adopted the goal of ending container shipping charges, which it said can sometimes exceed the contracted price for shipments making the management of total shipping costs […]
The Surface Transportation Board last week issued two decisions in passenger rail proceedings, one of which included the withdrawal of a previous proposal that would have allowed railroads to prioritize […]
The truckload transportation and logistics services provider reported a net income of $24.7 million in the second quarter of 2016 and $47.2 million in the first half of 2016, year-over-year […]
The airfreight carrier reported commercial revenues of 241 million euros for the quarter, a 12 percent decrease from second quarter 2015, according to the company’s most recent financial statements.
The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
The international oil shipping services provider, which paid Bretta Tanker Holdings $15.1 million in the second quarter of 2016, saw profits for the first half of 2016 slip 11.3 percent […]
The tank barge operator’s President and CEO David Grzebinski said the company lowered its full year 2016 EPS guidance to a range of $2.40 to $2.70 to reflect a potential […]
The U.S. Federal Maritime Commission has received six license applications and changes for review. The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application from Perimeter International, Irving, Texas […]
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from Ma […]
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review. The FMC received a non-vessel-operating common carrier license application from B&C Luxury […]
The U.S. Federal Maritime Commission has received six license applications and changes for review. The FMC received non-vessel-operating common carrier/ocean freight forwarder license applications from NC Freight & […]
FMC reviews 6 OTI license applications
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.
Integrity Logistics names VP of operations, while AirBridgeCargo Airlines’ executive VP resigns.
The U.S.-based marine transportation company, which has offices in Mobile, New York, Tampa and Shanghai, and its subsidiaries, have filed for Chapter 11 relief in the United States Bankruptcy Court […]
The U.S.-based marine transportation company, which has offices in Mobile, New York, Tampa and Shanghai, and its subsidiaries, have filed for Chapter 11 relief in the United States Bankruptcy Court […]
The U.S. gross domestic product increased 1.2 percent in the second quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just […]
The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 […]
The German forwarder discussed at a press conference in Chicago Wednesday its $137 million investment plan in the U.S. domestic and cross-border e-commerce market, along with its vast expansion in […]
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
The Dubai-based port terminal operator signed a 30-year lease with Port Saint John on the East Coast of Canada to operate its West Side Container Terminal, DP World and port […]
Less-than-truckload holding company YRC Worldwide increased net income in second quarter 2016 4.2 percent to $27.1 million despite revenues falling 4 percent to $1.21 billion compared to the same 2015 […]
The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
SCI names new CEO, while the Louisiana governor appoints commissioner to the Port of New Orleans board.
Ocean carriers MOL, NYK and “K” Line all reported losses in their container segments and lower revenues year-over-year for the first fiscal quarter, which ended June 30.
The Panama Canal Authority said it is confident in the process it uses to move ships through the new locks at the canal, following an accident last week that damaged […]
Although activity increased from the first quarter, total deal volume and value in the transportation and logistics sector was still down 18 percent and 22 percent year-over-year, respectively, according to […]
The Dubai, United Arab Emirates-based global port terminal operator signed a memorandum of understanding with state-run Taiwan International Ports Corporation to build and operate Kaohsiung Port’s Terminal 7 in Taiwan.
The commercial fleet management, dedicated transportation and supply chain solutions provider saw second quarter net earnings drop 14 percent to $74 million compared to the same 2015 period despite a […]
The Rome, Ga.-based freight broker’s purchase of Apex Freight Services will allow Scott Logistics to expand its market presence and contribute $20 million in additional annual revenues, according to a […]
The asset-light transportation and logistics services provider posted a net income of $1.8 million for the quarter and $4.9 million for the first six months of the year, year-over-year declines […]
However, the less-than-truckload carrier experienced the first quarterly year-over-year decline in revenues since the fourth quarter of 2009.
Gregory Zikos, chief financial officer of Athens-based containership leasing company Costamare, said the company continued to deliver solid and profitable results despite a challenging market environment.
The containership lessor’s board of directors decided to suspend the quarterly cash dividend on its common shares, as a result of the current containership charter market.
The Korean port’s increase in container volumes resulted from the Hanjin Incheon Container Terminal opening this year, Incheon Port Authority (IPA) President Yoo Chang-kuen said.
Echo posts strong second quarter Chicago-based Echo Global Logistics reported strong year-over-year increases in net income, revenues and truckload volumes during the second quarter of 2016.
Association of American Railroads President and CEO Edward R. Hamberger expressed how the rail industry’s position, which remains unchanged, claims forced access is an ill-conceived approach that compromises the efficiency […]
Association of American Railroads President and CEO Edward R. Hamberger expressed how the rail industry’s position, which remains unchanged, claims forced access is an ill-conceived approach that compromises the efficiency […]
Schneider sees potential for growth in its bulk transportation business. For many years, the trucking company has provided liquid bulk transport to the chemicals industry, but has started […]
A recent court decision is a reminder that the $500 package limit under the Carriage of Goods at Sea Act (COGSA) does not automatically apply in the event that […]
Cargo security vigilance in the United States was perhaps at its highest in the wake and immediate years following the deadly terrorist attacks of Sept. 11, 2001. However, […]
They’ll likely have to come up with a different name to avoid being confused with the Post-it manufacturer 3M, but the 2M ocean carrier alliance of Maersk Line and […]
Operators of breakbulk or multipurpose ships are being squeezed as operators of container and dry-bulk ships—both shipping sectors that are facing hard times—have targeted their market. A recent […]
Attendees will gain insights into the longest supply chains—those that reach into outer space.
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
New York-based private equity firm ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an […]
Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most […]
Wind Point Partners will acquire the Kearny, N.J.-based asset-light third-party logistics provider for an undisclosed sum as it attempts to expand its portfolio of transportation and supply chain services companies […]
Canada’s Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible […]
Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
Total cargo throughput at the largest French port fell 3 percent to 39.13 million metric tons in the first six months of 2016 as general cargo volumes remained relatively flat […]
The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers’ Council chairman to its board.
CLARIFICATION: A previous version of “Carriers shake up Europe-Mid E/ISC trade” stated that MSC’s IPAK service will end and the carrier will launch a new offering (in lieu of its current […]
Gerry Wang, chief executive officer of Seaspan, expressed how he believes the industry will gradually improve if scrapping remains high and new ship orders remain low.
ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an undisclosed sum.
The Dubai-based container terminal operator posted a cargo throughput of 31.4 million TEUs at its container terminals in the first six months of 2016, a 1.2 percent increase from the […]
The world’s largest convenience store chain teamed up with independent drone delivery service Flirtey and the Nevada Institute for Autonomous Systems to conduct the first fully autonomous aircraft delivery to […]
The Montreal, Canada-based Class I railway posted a net income of C$858 million on revenues of C$2.8 billion for the second quarter of 2016, a year-over-year drop of 3 percent […]
The parcel carrier has partnered with automobile manufacturer Smart to conduct a market test in Stuttgart, Germany this fall on a service that will deliver packages directly to the trunk […]
The independent containership owner and manager reported profits of $36.4 million on revenues of $224.3 million for the second quarter of 2016.
The U.S. government has established an air transport agreement with the Mexican government designed to increase trade and travel between the two nations.
Oliver Seidl replaces outgoing Chief Financial Officer Lutz Freytag, who will resign his position Nov. 30 after nine years to “tackle new challenges and dedicate more time to his personal […]
A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.
The deferred airfreight transportation services and drayage provider attributed the loss primarily to one-time costs associated with its acquisition of TQI, which accounted for $27.4 million ($0.90 per diluted share) […]
The U.S. Justice Department said executives at LATAM’s predecessor, LAN Airlines, set up a fictitious $1.15 million consulting agreement in October 2006 with an advisor to Argentina’s Ministry of Transportation […]
The Baltic Exchange, which publishes indexes for the dry bulk shipping and tanker industries, sent an agreement to its 48 shipbroking panelists asking them to sign the agreement, which would […]
Major freight railroads in the United States employed 152,426 workers as of the middle of June 2016, down 0.2 percent from the previous month and 11.55 percent year-over-year, according to […]
The 8,530-TEU CSCL container vessel Xin Fei Zhou scraped its side against the wall of one of the recently inaugurated locks of the important Central American waterway, according to a […]
The Hong Kong-based container carrier transported 1.5 million TEUs in the second quarter of 2016 on revenues of $1.1 billion.
Asset-light third-party logistics provider Landstar System posted a net income of $61.5 million on $1.49 billion in revenues for the first half of 2016, decreases of 12.8 percent and 8.8 […]
South Korean ocean carrier Hanjin is required to submit a plan for raising 1.1 trillion won to Korea Development Bank by the end of the month.
The GPS tracking and fleet management solutions provider has launched its latest platform, DIRECTOR, which offers features like fuel use tracking, messaging and routing, driver behavior analysis and data reporting.
Colona, Ill.-based Tennant, which has been in business for more than 70 years, is known for its transport of over-dimensional construction and agricultural equipment.
The Polish port saw general cargo volumes surge 31 percent year-over-year to 7.2 million metric tons.
The newly merged shipping conglomerate formed from the former companies COSCO and China Shipping has agreed to stop carrying shark fins on their ships, which are used as an ingredient […]
The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued general rate increases.
