Through the third quarter of 2017, Berkshire Hathaway-owned Class I railroad BNSF posted an operating income of $5.3 billion, a $462 million (9 percent) increase over the first three quarters of 2016, according to the company’s latest financial statements.
Increased Asian iron ore demand is expected to lead to “a bright future” in the dry bulk charter market, according to Rahul Sharan, lead dry bulk shipping analyst for the London-based global shipping consultancy Drewry.
The Georgia port recorded a 32 percent increase in container trade in October, with a total of 410,000 TEUs moved through the Garden City Terminal, Georgia Ports Authority (GPA) announced Monday.
A study commissioned by the U.S. Grains Council and National Corn Growers Association found that U.S. grain exports exports supported $55.5 billion in economic output in 2015, with the top five states being Iowa, Illinois, Nebraska, Kansas and Minnesota.
October’s limestone loadings on the Great Lakes were also 7.5 percent ahead of the month’s five-year average, according to the Lake Carriers’ Association (LCA).
Air Menzies International gains new CEO; Kalmar appoints senior vice president, global terminal operators; VARGO hires systems engineer; and Wen-Parker Logistics adds new member to its board of directors.
The Danish shipping conglomerate noted that the loss was largely due to discontinued operations in Maersk Drilling, which was sold during the third quarter, as well as in part to the June NotPetya cyber attack.
Final determination regarding stainless steel bar The Department of Commerce finds that revocation of the antidumping duty orders on stainless steel bar from Brazil, India, Japan, and Spain would be likely to lead to continuation or recurrence of dumping.. Invitation for applications for NAFTA binational panel roster The USTR invites applications from eligible individuals wishing […]
In addition to the absorption of OOCL’s 710,000-TEU fleet and 29 newbuild vessels slated for delivery next year, COSCO Shipping plans to order 20 new containerships with funds from a nearly $2 billion share sale issued in October.
The U.S. trade deficit totaled $43.5 billion for September, a 1.7 percent increase from August, as rising exports were offset by an even higher increase in imports.
Combined U.S. carload and intermodal originations rose to 2.2 million units last month, up 3.1 percent compared to October 2016, according to data from the Association of American Railroads (AAR).
The Honolulu-based ocean carrier recorded a net income of $34.1 million on revenues of $543.9 million for the third quarter of 2017 amid strong demand for its China and southbound Alaska services.
The nation’s transportation and logistics sector added 8,400 jobs in October 2017, according to recent preliminary data from the U.S. Department of Labor.
The global third-party logistics provider recorded net profits of 17.8 million Kuwaiti dinars (U.S. $58.8 million) on revenues of KD 358.5 million for the quarter, increases of 17.4 percent and 15 percent year-over-year, respectively.
The private equity firm’s purchase of the 4 million-square-foot industrial real estate portfolio reportedly includes warehouses, distribution centers and other industrial sites.
The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according to Euronav’s most recent financial statements.
The terminal operator arm of Chinese state-run conglomerate COSCO Shipping will lease a container freight station (CFS) at the site of the new CSP Abu Dhabi terminal, which is slated for completion by 2019.
The airline was rejected by American Airlines earlier this year, but has now been able to secure a 9.6 percent share in Hong Kong-based airline Cathay Pacific.
MTC Logistics appoints chief information officer, general managers and plant manager; while the U.S. Meat Export Federation (USMEF) elects new officer team.
Investigation: wafer-level packaging semiconductor devices The ITC has instituted an investigation due to a complaint filed alleging Section 337 violations based upon the importation for sale within the U.S. of certain wafer-level packaging semiconductor devices. Revoking duty orders on high pressure steel cylinders ITC determines that revocation of CV and AD duty orders on high […]
