American Shipper

Mexico’s decision to phase out fuel subsidies could compel carriers to turn to surcharges

An internal investigation into roll-up transportation and logistics provider Roadrunner Transportation Systems’ financial reports has concluded that its 10-K SEC statements dating back to 2014 overstated earnings by between $20 million and $25 million.

The Atlanta, Ga.-based parcel giant and logistics provider reported a net loss of $239 million for the quarter compared with a $1.33 billion net profit in the same 2015 period due primarily to a non-cash, after-tax, mark-to-market pension charge.

Former Tyco International executive Girish Rishi, who will take over immediately from current chief executive officer Bal Dail, said he is excited about the potential to develop JDA’s last-mile analytics capabilities.

While the U.S. merchant marine has dramatically shrunk since World War II, mutual insurer American Club has adapted by expanding overseas.

The Chicago-based technology company, which builds APIs for the logistics and transportation industry, said the newly launched connectNG incorporates steps toward greater cloud security and enhanced ability to normalize disparate data sets.

Cavalier Transportation Services, a provider of less-than-truckload and truckload services, brokerage and warehousing, will operate as a standalone business unit within TFI International.

The truckload transportation and logistics provider’s net income for the year tumbled 36 percent to $79.1 million compared with 2015 as revenues slipped 4 percent to just over $2 billion, according to the company’s most recent financial statements.

The South Floridian port is moving forward with a public-private partnership for a new logistics center, which is expected to be completed in April 2019.

“K” Line announces changes to executive officers, Aegean Shipping Management appoints new chief executive officer, while American Airlines names successor to retiring senior vice president of international and cargo.

However, NYK, MOL and “K” Line see some improvement in the container shipping business.

NAFTA should be seen as a vehicle that helps our neighbor help us

Former Tyco International executive Girish Rishi, who will take over immediately from current chief executive officer Bal Dail, said he is excited about the potential to develop JDA’s last-mile analytics capabilities.

Officials and pundits sound off on Trump plans for wall, import tax

Two Floridian ports changed plans on inking deals with the Cuban government after Florida Gov. Rick Scott said he would recommend restricting state funds for ports that work with Cuba.

Of the 98 ships in Hanjin’s former fleet, 63 ships with close to 460,000 TEUs of capacity remain idle, 31 ships with 134,000 TEUs of capacity have been redeployed, and four ships with 15,000 TEUs of capacity were scrapped.

Michael A. Khouri is replacing Mario Cordero as acting chairman of the Federal Maritime Commission, but Cordero will remain as one of the five commissioners.

While air cargo is still in a fragile state, no matter what happens to the health of the industry, new regulations and challenges will abound in 2017, said Jon Ross, a former American Shipper editor who is an expert on the air cargo industry.

The Jacksonville, Fla.-based Class I railroad has entered into discussions with outgoing Canadian Pacific Railway chief executive officer E. Hunter Harrison, according to a report from the Wall Street Journal.

Members of the International Longshoremen’s Association on Friday slowed the movement of drayage trucks through the container yard at the Wando Welch Terminal in Charleston, S.C., in an apparent protest against terminal automation.