The Antwerp-based independent tanker company recorded a $204 million profit on revenues of $684.3 million for 2016, year-over-year declines of 41.8 percent and 19.2 percent, respectively.
Dubbed Dania Ship Management, the joint venture will specialize in ship management in the Scandinavia region.
American Trucking Associations promotes four staffers and hires new vice president of creative services and new director of marketing, while Xeneta appoints director of value engineering, and SmartTruck names vice president of sales and marketing.
South Korean ocean carrier Hyundai Merchant Marine said it expects to save costs and boost competitiveness through the “2M+H Strategic Cooperation,” which was signed Wednesday in Sausalito, Calif.
There’s far from consensus in and out of Congress that a border adjustment tax is a good, or legal, approach
Industrial real estate patterns provide a clue of how freight flows are shifting
FMC sets up task force to weed out extraneous regulations and administrative burdens on shipping industry
U.S. and Mexican officials discuss ways to resolve ongoing Mexico sugar subsidy saga
The Atlanta-based parcel giant will build an additional six compressed natural gas (CNG) fueling stations, and add 390 new CNG tractors and terminal trucks, along with 50 liquefied natural gas (LNG) vehicles to its alternative fuel fleet.
German conglomerate Dr. August Oetker KG said the deal may take place at the end of the year, subject to regulatory approval.
The European Union’s regulations aimed at curbing airline emissions have been around in a diluted form for many years, but it seems the rules will never rise to their initially intended purpose, according to Jon Ross, an expert on the air cargo industry.
The A.P. Møller-Maersk Group subsidiary has partnered with Norsepower Oy, The Energy Technologies Institute, and Shell Shipping & Maritime to install and test Flettner rotor sails on a Maersk Tankers’ vessel.
The port attributed the 12.4 percent year-over-year decline in February box volumes to the timing of Lunar New Year, but volumes were still higher than the most recent 5-year average for February.
The Singapore-based ocean carrier, now a subsidiary of France’s CMA CGM, will purchase slots on the Japan Express (JPX) service, jointly operated by NYK and OOCL.
The St. Lawrence Seaway Management Corp. (SLSMC) has invested in various upgrades at the Welland Canal, which connects Lake Erie and Lake Ontario.
The new Asia-U.S. East Coast EC2 container service will begin calling the Port of Wilmington, N.C. in May.
The new center will primarily work to provide overseas e-tailers with fast and flexible shipping solutions, integrating inbound freight, inventory and last-mile delivery in a one-stop solution, DHL said.
The Chicago-based logistics company said it will offer truckload, less-than-truckload, intermodal brokerage and transportation management services to shippers through the new office in Guadalajara, Mexico.
Ascent Global Logistics appoints vice president of strategic accounts for Marisol International, while GSC Logistics hires senior manager of sales and business development and OSM Maritime Group name two new board members.
Trump policies and tax code reform seen as removing business impediments
