The U.S. Senate confirmed Ronald Batory as administrator of the Federal Railroad Administration and Ray Martinez as administrator of the Federal Motor Carrier Safety Administration.
The truck brokerage and managed transportation services provider will use project44’s integration layer to connect its carriers and clients on tendering, documentation and visibility.
The Japanese shipping company revealed Tuesday that employees at its car carrier unit subsidiary in China may have “committed unlawful expenditure or embezzlement.”
The National Transportation Safety Board last week released its final report on the investigation of the El Faro, a cargo ship that sank in October 2015 during Hurricane Joaquin while en route from Jacksonville, Fla. to San Juan, Puerto Rico.
Lima, Penn.-based third-party logistics provider Pilot Freight Services saw its revenues rise 10 percent year-over-year to $639 million in 2017, according to a recent statement from the company.
Hong Kong-based CargoX raised $7 million through an initial coin offering to build its smart contract-based house bill of lading solution.
A U.S. District Court in Minnesota sentenced a former Canadian Pacific Railway employee to a year in prison on Tuesday for his deliberate attempt to sabotage the company’s computer system.
Terminals operated by Yildirim Group subsidiary Yilport Holding handled 4.3 million TEUs of containerized cargo in 2017, and the firm expects to move 4.73 million TEUs this year, Yilport said in a statement.
Short-line and regional railroad operator Genesee & Wyoming (G&W) posted a net income of $549.1 million for the year, a 289 percent increase from 2016, according to the company’s latest financial statements.
However, the South Korean ocean carrier recorded a deeper net loss for the year, partly due to a 479.5 billion won loss in the book value of 10 containerships sold to Korea Shipping and Maritime Transportation in March 2017.
E2open had made a $300 million offer for global trade management software provider Amber Road, but the company’s board said the offer wasn’t in shareholders’ best interest
Demand is poised to outstrip supply in all three segments of the international ocean shipping industry in 2018, but risks of an ill-timed “ordering spree” for new ships remain, according to a recent report from credit ratings provider S&P Global Ratings.
The Hoofddorp, Netherlands-based third-party logistics provider will seek an initial public offering that would value the company at $1.5 billion by April, according to a report from the New York Post citing “a source close to the situation.”
The Southern California seaport handled 657,830 TEUs of containers in January, 12.9 percent more than in January 2017, and an all-time high for the month.
Chicago-based freight broker and third-party provider Echo Global Logistics posted a net income of $13.3 million in the fourth quarter of 2017 compared to a $3 million loss the previous year, according to the company’s most recent financial statements.
The containership owner recorded a net income of $22.8 million for the quarter, a sharp increase from a net loss of $446.6 million for the fourth quarter of 2016 when it had encountered headwinds from the aftermath of Hanjin’s insolvency.
Net orders for North American Class 8 trucks in January 2018 jumped 28 percent from the previous month and 116 percent compared with January 2017, according to preliminary data from freight forecaster FTR Transportation Intelligence.
MSC selects Terminal Investment Limited (TiL) CEO, Port of Redwood City executive director retires, the Suddath Companies appoints president of Global Logistics, and the Chartered Institute of Procurement & Supply (CIPS) names group CEO.
Uber CEO Dara Khosrowshahi said that although his company and Waymo parent Alphabet “won’t agree on everything going forward, we agree that Uber’s acquisition of Otto could and should have been handled differently.”
The Taiwanese shipping company revealed Monday that it has entered into an agreement with Shoei Kisen Kaisha to charter 12, 11,000-TEU containerships.
