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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 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 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
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 American Association of Port Authorities is concerned that local agencies with no nexus to ports are taking advantage of a federal program designed to help ports pay for security […]
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 Winston-Salem, N.C.-based BB&T Bank, which is facing profit pressure in account-based stock brokerage, will no longer provide equity research for freight transportation.
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 […]
Five years ago in this space, I put forth a tantalizing question; “Who will be the Transportation Industry’s next Steve Jobs?” Jobs had recently passed away and our industry […]
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 […]
The events of Sept. 11, 2001 significantly integrated “trade compliance management” to the forefront of every global supply chain’s operation and ultimately a necessary component of successful importing and […]
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 […]
Logistics costs for businesses in the United States grew in 2015, while spending actually slowed by nearly half from the 5.1 percent compound average rate over the previous four years […]
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 intermodal center, which is scheduled to commence operations in the late summer of 2018, will enable shippers from surrounding states to more easily reach the Port of Savannah by […]
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.
The nationwide lease-to-own company started using Cloud Logistics’ transportation management system over a year ago due to its network complexity, and has reaped the benefits of reporting tools and faster […]
Meanwhile, just this Friday, the Shanghai Shipping Exchange said its Shanghai Containerized Freight Index declined 6.2 percent from last Friday’s reading of 670.29 to a reading of 628.59.
William E. (Bill) Woodhour became president of Maersk Line, Ltd. (MLL) July 1 and will eventually become chief executive officer of the company, taking over from Russ Bruner, who has […]
Trucking and intermodal carrier Swift Transportation reported net income of $42.9 million on revenues of $1.01 billion for the second quarter of 2016, year-over-year decreases of 15.9 percent and 4.5 […]
Leadership changes at the American Trucking Associations continued under new President and CEO Chris Spear, as the industry group named new executive vice presidents of legal affairs, communications and public […]
REZ-1, Inc., a provider of asset management, equipment reservation, billing and reload services to the domestic intermodal industry, has agreed to purchase cloud-based logistics and transportation management solutions provider International […]
The Swiss-based global freight forwarder reported net earnings fell to 21.8 million Swiss francs (U.S. $22.11 million) from CHF45.3 million the previous year, due primarily to onetime costs from a […]
The Class I railroad’s net income and operating revenues fell 19 percent and 12 percent year-over-year, respectively, in Q2 2016, as the strong U.S. dollar on exports and weak demand […]
The transportation and logistics company’s net income for the second quarter of 2016 fell 43 percent year-over-year to $18.3 million, resulting from sluggish freight market conditions, the pay increase for […]
Cincinnati, Ohio-based third-party provider Total Quality Logistics will open its newest sales office in Salt Lake City, Utah on Aug. 8, the company said in a statement.
The airline said its new JFK airport facility is designed to handle an array of cargo, including pharmaceuticals and live animals, in addition to general freight.
A.N. Deringer appoints national sales manager and A.R.C. Transit names chief marketing officer, while Akin Gump gains former Commerce Department textiles and apparel trade official.
Schneider has become more than just a long-haul trucker as shippers seek logistics services.
The International Monetary Fund is forecasting the global economy to increase at a 3.1 percent pace in 2016 and 3.4 percent in 2017, both down 0.1 percentage points from previous […]
Captain John Loftus, who was fired in 2013 after working for Horizon Line for 20 years, has been awarded $655,000 in back wages, $225,000 in punitive damages, $10,000 for emotional […]
