The mail carrier and logistics provider recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017.
The Commerce Department has launched antidumping and countervailing duty investigations into the imports of cold-drawn mechanical tubing from China, Germany, Italy, India, South Korea and Switzerland.
Ocean carrier Intermarine’s expansion follows a March announcement by Weco (formerly Nordana) that it was terminating a roll-on/roll-off service to the Mediterranean after 60 years of operation.
The new airfreight service aims to facilitate textile trade between Ohio and Colombo, Sri Lanka; Abu Dhabi, UAE; and East Midland, U.K., according tot a statement from the Columbus Regional Airport Authority.
The Port Authority of New York and New Jersey will spend up to $70 million on a second environmental study and additional engineering work on a proposed freight rail tunnel connecting Jersey City with Brooklyn, or an improved barge service between the two.
The Global Port Tracker, which is produced by Hackett Associates for the National Retail Federation, is projecting year-over-year volumes increases at the nation’s major retail container ports in the coming months.
South Korea’s debt clearing house, Korea Asset Management Corp. (KAMCO), will take over a mix of 20 container and bulk vessels on May 15 and lease them back to the ocean carriers, according to a report from Pulse News.
Norwegian fertilizer manufacturer Yara International is planning to build a small, battery-powered containership with capacity for between 100 TEUs and 120 TEUs to move containers from fertilizer its factory to the nearby ocean ports of Brevik and Larvik.
A Miami court found that a forum selection clauses in an ocean bill of lading trumped arguments for a more convenient location for the litigation.
The U.S. House of Representatives approved the $1.1 trillion bipartisan 2017 spending bill Wednesday by a 309-118 vote, and the U.S. Senate approved the bill Thursday by a 79-18 vote.
The Hong Kong-based third party logistics provider has continued its European expansion by signing and agreement to purchase a majority stake in Tuvia Italia S.p.A. from Italian holding company Tuvia Group.
Deteriorating ocean carrier profitability, port slowdowns, bankruptcies and a reshaping of the major alliances all contribute to the volatility of the container shipping market, according to Maritime Director Michel Looten of Seabury Group.
The global terminal operator posted net earnings of $42.2 million for the first quarter of 2017 as revenues from port operations jumped 12 percent to $297.2 million compared with the same 2016 period.
Longtime freight transportation and logistics industry executive Tom Nightingale has taken over two 35-year-old Boston-area firms to form a new company, International Package Shipping.
The new online customs compliance system, developed by Cargonaut and tested by KLM Cargo, was designed to improve inbound and outbound air cargo flows and trucking customs compliance at the Netherlands airport.
The two airfreight carriers will cooperate on aircraft capacity, block space and interline hub connectivity and cargo handling, according to Emirates SkyCargo.
The Greenwich, Conn.-based transportation and logistics solutions provider completed the project without any disruption to service or customers, Tony Brooks, president of the LTL business for XPO Logistics told American Shipper.
S.C. Governor Henry McMaster vetoed a bill strongly supported by both side of the state legislature to increase the state’s current 16.75-cent gas tax by 12 cents over the next six years.
WTO’s trade facilitation deal has sweeping potential but needs public and private buy-in
Ocean carriers Crowley Maritime and TOTE Maritime Puerto Rico have both invested heavily in services to the financially troubled commonweath and will be watching closely as it endeavors to restructure $123 billion in public debt and pension obligations.
