American Shipper

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The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.

The port terminal operator arm of China COSCO Shipping saw earnings sink 65.6 percent to $37.6 million in first quarter 2017 despite a 7.5 percent increase in container throughput compared with the same 2016 period.

The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.

The Port of Palm Beach and ocean carrier Tropical Shipping, its largest tenant, have agreed to a new 10-year contract that will provide an additional $10 million in net income for the South Florida port.

The Omaha, Neb.-based Class I railway increased net income, operating revenues and volumes during the first quarter of 2017 from the corresponding 2016 period.

The Gulf Coast port’s total tonnage spiked 11 percent year-over-year during the quarter, while containerized cargo volumes increased 18 percent.

The containership owner and charterer reported net earnings of $40 million in the first quarter of 2017, a massive jump from just $7.1 million the previous year, despite revenues falling 6.6 percent year-over-year to $201.3 million.

The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded earnings per share of $0.25 for the quarter, surpassing the street consensus and Stifel estimate of $0.21.

Agricultural warehousing company West Plains LLC, which entered into an agreement with the Port of Brownsville in 2016 to restore and operate its grain elevator, accepted a grain shipment of 109 railcars at the port on Tuesday.

The Dutch hub handled a record 420,168 metric tons during the first quarter of 2017 with the Asia and Europe markets experiencing the most growth.

UPS chief marketing and business services officer retires, while Norfolk Southern executive vice president and chief financial officer retires, and Port of Long Beach names new chief harbor engineer and director of program management.

President Donald Trump said he will work to renegotiate terms with Mexico and Canada.

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The Danish shipping company will use the cloud computing platform to develop digital products and services across all brands in its A.P. Moller – Maersk Transport & Logistics division.

U.S. Sens. Cory Booker and Robert Menendez of New Jersey and Charles Schumer and Kirsten Gillibrand of New York wrote a letter urging new Transportation Secretary Elaine Chao to visit aging transportation infrastructure throughout their states.

The Pennsylvania State Transportation Commission has given the green light for nine projects through the state’s Rail Transportation Assistance Program and another 25 through the Rail Freight Assistance Program, according to a statement from Gov. Tom Wolf.

The Class I railway’s net income rose 12 percent year-over-year in the first quarter of 2017 to $433 million, despite inflation and higher fuel costs.