The Memphis, Tenn.-based integrator posted a net income of $596 million for the first quarter of its fiscal year 2018, a 16 percent decrease compared to the same period a year prior, citing substantial losses from the June NotPetya attack on TNT Express.
The annualized driver turnover rate at both large and small truckload carriers increased sharply between the first and second quarter of 2017.
Logicor acquired by China Investment Corp The European Commission has approved the acquisition of U.K. warehousing firm Logicor by China Investment Corporation (“CIC”). Continuation of Jones Act waiver The Department of Homeland Security is waiving the Jones Act to facilitate the transportation of the necessary volume of petroleum products through September 22, 2017, commencing immediately. 12-month cap […]
Representatives from the Pacific Merchant Shipping Association and Harbor Trucking Association aired their grievances with the Clean Air Action Plan (CAAP) in the ports of Los Angeles and Long Beach at the 2017 IANA Intermodal Conference on Sept. 18.
CSX Intermodal Vice President Dean Piacente explained how the Jacksonville, Fla.-based railroad came to suffer through the well-known service interruptions that plagued it during in the weeks and months leading up to Hurricane Irma.
Steve Felder, the head of Maersk Line’s Indian Subcontinent operations, tells the Economic Times the Danish container carrier wants to provide more than just port-to-port services in India.
The Environmental Protection Agency (EPA) estimates that more than 22,000 barrels of oil and chemicals have spilled across Texas and the Gulf due to damages from Hurricane Harvey, according to report from Reuters news service.
The Dubai-based port terminal operator entered into deals to acquire Maritime World LLC, the 100 percent owner of Dubai Maritime City, for $180 million and 100 percent of Drydocks World LLC by means of a capital injection of $225 million.
With the opening of CSX’s new rail terminal in Pittsburgh earlier this month, the Port of Virginia is now able to offer rail service to Western Pennsylvania and Northwest Ohio.
Representatives from London Maritime and Hong Kong Maritime & Port Board met last week to sign an agreement for increased shipping services between the two regions.
Unico Logistics agreed to lease one Panamax bulk carrier from Athens-based shipowner at a gross charter rate of $11,900 per day, minus a 5 percent commission to third parties, for a minimum of nine months.
XPO Logistics names chief executive officer of XPO Logistics Europe and managing director-supply chain, Europe; 3Gtms appoints managing director, EMEA; and the International Chamber of Shipping (ICS) names new chairman of the ICS marine committee.
Special 301 out-of-cycle review for Thailand The USTR is initiating an Out-of-Cycle Review (OCR) of Thailand’s Special 301 status due to positive steps the country has taken regarding intellectual property (IP). EU: Industrial Policy Strategy In the 2017 State of the Union Address, President Juncker touched on the EU’s Industrial Policy Strategy. Semiconductor corporation acquisition The […]
On the export side, the five biggest ports on the U.S. West Coast handled 12,556 fewer outbound TEUs in July 2017 than in the same month a year earlier, a decline of 8.3 percent, according to the Pacific Merchant Shipping Association (PMSA).
The United Kingdom’s Department for Transport has commission the release of a new code of practice for vessels with regard to maritime cyber security, Transport Minister Lord Callanan said during London International Shipping Week.
Due to potential safety issues in the aftermath of Hurricane Irma, vessels are prohibited from “entering into, anchoring, loitering, or movement” within a safety zone in the Florida Keys for the next two weeks, according to the U.S. Coast Guard.
The trucking and logistics company completed the disposition of all assets associated with its flatbed trucking division to a subsidiary of PS Logistics, LLC.
The Dubai-based terminal operator says that despite its investments in the PT Terminal Petikemas Surabaya, the company will not renew its operating contract at the terminal once it expires in 2019.
European airlines Lufthansa, IAG Cargo and Finnair all saw record cargo demand last month, according to a report from industry news outlet Air Cargo News.
