Costamare’s net income sinks in 2016
The Athens-based containership leasing company’s net income for 2016 totaled $81.7 million, a 43.2 percent decline from 2015.
The Athens-based containership leasing company’s net income for 2016 totaled $81.7 million, a 43.2 percent decline from 2015.
The Mondovi, Wis.-based temperature-sensitive truckload carrier reported a net income of $33.5 million on operating revenues of $671.1 million for the full year of 2016.
The French Mediterranean port reported a total throughput of 81 million metric tons of cargo for the year in 2016, on par with 2015 figures, even as it set a new record for container traffic at 1.25 million TEUs, according to the latest data from the port.
Last year saw massive changes in container shipping, but will they benefit retailers and other shippers in 2017?
White House aims to strong-arm Mexico on border wall payment, but imprecise language creates a cloud of uncertainty
Transportation analyst suggests the impact of dampened global trade may affect U.S. trucking market
President Donald Trump said the U.S. could impose 20 percent penalty on Mexican imports as part of a plan to construct a wall between Mexico and the United States, but was imprecise as to whether it should be a tax or tariff.
United States gross domestic product increased 1.9 percent in the fourth quarter of 2016, according to the “advance” estimate from the Department of Commerce, down from a 3.5 percent growth rate in the third quarter.
However, the Hong Kong-based carrier’s year-over-year increase in fourth quarter revenues was not enough to stop a slide for the full year, with revenues falling 9.9 percent from 2015.
The International Air Transport Association’s Cargo-XML messaging standard is now fully integrated into ASYCUDA World, the United Nations Conference on Trade and Development’s automated customs management system.
The trucking and intermodal carrier said volumes and pricing during the year were pressured by excess industry capacity, excess customer inventories, a weakening used truck market and sluggish demand.
President Donald Trump has named current board member Ann Begeman acting chairman of the U.S. Surface Transportation Board, according to a statement from the STB.
U.S. District Judge Susan Illston denied attorneys requests to order the retail giant to pay $80 million in penalties to truck drivers on top of $54 million awarded by a jury in November 2016, according to a report from the Associated Press.
Duluth Seaway Port Authority appoints new board members and B&H Worldwide expands international management team, while Montgomery McCracken adds to Maritime and Transportation practice and Holland & Knight hires senior counsel in D.C.
API’s are gaining ground in freight movement, but the concept is still in its infancy in many ways.
President Donald Trump threatens to impose a tax of up to 20 percent on Mexican imports as part of a plan to construct a wall between Mexico and the United States.
BAT author acknowledges some (re: retailers) will be losers under new tax proposal
Technology and changing trade regs make forwarder role critical, says Descartes CEO
A China COSCO Shipping subsidiary has sent eight vessels with an aggregate capacity of 32,574 TEUs to the scrapyard for 212 million yuan renminbi (U.S. $30.8 million), resulting in a net loss of RMB638 million, according to a statement from the company.
The Californian port said its plans to raise the height of six ship-to-shore cranes by 26 feet beginning in April, allowing them to reach containers stacked aboard the largest ships calling North America.