Truckload pricing dipped another 0.9 percent for the month compared to December 2015, the tenth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
Intermodal pricing increased 1.5 percent for the month compared with the same 2015 period, just the third year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Online freight forwarder iContainers already had offices in Florida, India and Spain prior to the opening of its newest office in Rotterdam.
Warren T. Burns, a partner at the Dallas-based law firm Burns Charest, which has represented shippers, said the decision was inconsistent with the position taken by the Federal Maritime Commission and U.S. Department of Justice.
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Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad CSX as his next move.
Terminal Investment Limited – jointly owned by MSC and Global Infrastructure Partners – will become the largest owner of Total Terminals International, which Hyundai Merchant Marine will also own a stake in.
The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
Tom Cook, managing director of Blue Tiger International, noted the importance of determining the proper Harmonized Tariff Classifications when moving goods across U.S. borders, using the imports of X-Men figurines as an example.
Shipment volumes for the month slid 1.2 percent from November, but were up 3.5 percent compared with the same 2015 period following a 0.5 percent year-over-year decrease the previous month, according to the latest Cass Freight Index Report.
Investment firm Ridgemont Equity Partners will purchase third-party logistics provider Worldwide Express and merge it with portfolio company and fellow 3PL Unishippers Global Logistics to create a new firm called Worldwide Express Global Logistics.
The Omaha, Neb.-based Class I railway posted a net income of $4.2 billion for 2016, an 11 percent decline from 2015.
Global trade management solutions provider GTKonnect has acquired ECCNSelect software and its patented technology platform for ECCN determination and management.
The U.S. requested a trade enforcement action against Canada in the World Trade Organization, alleging that British Columbia discriminates against U.S. and other imported wines by allowing only its own province’s wines to be sold on grocery store shelves.
The Geneva, Switzerland-based carrier said the seasonal call will be added to its NWC-SAEC I service in August, and will be of particular interest for melon exporters.
DHL Global Forwarding appoints head of operations in Hong Kong and Macau, while FourKites adds to management team, GAC announces new C-level appointments, and Centiro names vice president of sales and operations for North America.
Target CIO Mike McNamara said at the National Retail Federation’s annual conference Monday in New York that the company has focused on fewer projects and more in-sourced engineering work.
