Q1 profits skyrocket at CSCL
Ocean carrier China Shipping reported a nearly 306% year-over-year increase in net profits during first quarter 2015.
Ocean carrier China Shipping reported a nearly 306% year-over-year increase in net profits during first quarter 2015.
The railway reported net income of $310 million on total operating revenues of $2.6 billion in first quarter 2015.
Members of the rail industry have asked Congress to extend tax credit.
CEO Steve Gunning said IAG will continue to explore asset light transportation solutions in 2015.
American Airlines Cargo will introduce services to Edinburg and Glasgow, Scotland, and Shannon, Ireland, in early May.
The third party logistics provider has started construction on a new 166,000 square-meter DC complex in Truganina, west of Melbourne.
Truckload and LTL provider saw improvement in both segments during the first quarter, including higher LTL operating income, despite lower revenues.
The LTL carrier said the 64 new liquefied natural gas tractors will join its operation in Harrisburg, Pa.
Antwerp-based foodcareplus will provide a refrigerated less-than-containerload consolidation service for seafood products from Canada to Europe.
Ingram Micro Mobility division’s new solution is aimed at helping mobile device makers refine their supply chains based on integration of existing data and external customer data inputs.
A major supplier to Dunkin’ Brands franchisees has started rolling out Manhattan Associates’ TMS and WMS solutions to increase efficiency and lower transportation and warehousing costs.
The railroad’s investment in the state will cover track maintenance, signal systems and road and bridge repairs.
Air transportation is the last mode to roll over advance manifest submission to Customs’ Automated Commercial Environment system.
Most businesses report minimal impact, despite claims from driver groups that the strike is causing “massive disruptions.”
Acquisition of French logistics giant Norbert Dentressangle clearly shows XPO has diverged from its initial strategy to roll up the North America freight brokerage market.
Panduit said the TMS will transform its highly manual process, allowing the company to consolidate shipments and providing improved visibility and more efficient freight settlement.
Department of Transportation Secretary Anthony Foxx gave Marine Highway designation to projects on the Mississippi River, New York Harbor, and the Potomac River.
Container throughput at the port was up 2.3% year-over-year for first quarter 2015.
The port terminal operator reported 10.5% growth in operating profits despite an 8.3% dip in revenues for first quarter 2015.
The trucking company increased earnings per share 25% year-over-year, but still fell short of analyst estimates, according to investment advisor Stifel.