MacroPoint announced its partnership with API provider Banyan, while FourKites unveiled its enhanced integration with supply chain software provider JDA.
However, the Baltic and International Maritime Council said the performance of the new ocean carrier alliances that set sail at the beginning of the month will be key in 2017.
Montreal, Canada-based Class I railway Canadian National saw its net income jump 12 percent year-over-year to C$884 million (U.S. $650 million) in first quarter 2017 on revenues that rose 8 percent percent to C$3.2 billion.
The Phoenix, Ariz.-based trucking and intermodal carrier, which recently announced a $6 billion merger with competitor Knight Transportation, saw first quarter net income tumble 83.7 percent year-over-year to $5.2 million.
The Northwest Seaport Alliance handled 334,483 TEUs for the month and 899,295 TEUs so far in 2017, year-over-year increases of 14.2 percent and 10 percent, respectively, according to recent data from the port authority.
The four drayage drivers working for XPO Cartage, a unit of XPO Logistics, were issued orders, decisions and awards in their favor amounting to $855,285.62.
CMA Terminals and India’s Adani Ports and Special Economic Zone signed a joint venture agreement to operate a the new CT4 container terminal at the Indian port for the next 15 years.
The U.S. Coast Guard is coordinating with the New York Air National Guard and the Canadian and Portuguese Coast Guards following an explosion and fire on an international bulk carrier 1,300 miles offshore Cape Cod, according to a statement from the USCG.
Kempten, Germany-based global logistics provider Dachser said the acquisition allows it to expand and strengthen its logistics network throughout northwestern Europe.
The Hellenic Republic Asset Development Fund said a consortium comprising Deutsche Investment Equity Partners, Belterra Investments, and Terminal Link submitted an improved financial offer for a majority stake in the Greek port.
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The eastbound lane at Gatun locks will tentatively close for 10 days in May for dry chamber work.
Exporters should be clear in declaring valuation on their goods – everything has a value
Uncertain times for trade compliance pros call for “what if” planning and accurate data
New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
BlueWater Reporting illustrated the ports of Norfolk and Savannah rank as the top two U.S. East Coast ports for transpacific alliance services deploying capacity from Asia.
Tom Waldhauser, head of the U.S. military’s Africa Command, attributed the rise in piracy off the coast of Somalia to famine and drought within the country.
Kansas City Southern’s net income jumped 38.9 percent to $149.6 million for the quarter on revenues that grew 8.3 percent to $610 million compared with the same 2016 period, according to the company’s most recent financial statements.
