Revenues for the third quarter of 2016 rose 7 percent year-over-year, which Roadrunner CEO Mark DiBlasi said was largely related to the company’s ground expedite business.
The Icelandic ocean carrier has entered into an agreement to purchase asset-light transportation and logistics provider Nor Lines in an effort to broaden its value-added service offerings, the company said in a statement.
Athens, Greece-based containership lessor Diana Containerships has sold the M/V Angeles, formerly on charter to Taiwanese ocean carrier Yang Ming, to an unnamed demolition yard for $6.69 million before commissions, the company said.
Although the Malaysian ship owner reported lower profits and revenues for the third quarter of 2016 compared to a year prior, the company did have some notable accomplishments during the quarter.
AirBridgeCargo Airlines has launched a twice-weekly Boeing 747 freighter service that links the London Heathrow Airport to Moscow.
ContainerPort Group appoints new CFO, while Milestone Chassis names manager for West Coast region sales.
COSCO, CMA CGM, Evergreen Line and Orient Overseas Container Line plan to deploy 350 containerships on 41 strings starting next April.
The recent announcement on Japan’s three major ocean carriers – MOL, NYK Line and “K” Line – merging container operations has left the industry wondering if more consolidation is to come.
Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
Although Hillary Clinton and Donald Trump have both stated they will not support the Trans-Pacific Partnership agreement, U.S. Trade Representative Michael Froman said the U.S. economy will be harmed if Congress rejects the free trade deal.
Interested parties now have until Dec. 7 to submit comments on whether engine governors should be installed on all newly built commercial vehicles with a gross vehicle weight rating above 26,000 pounds.
The World Trade Organization on Tuesday said most of the participating countries in the newly expanded Information Technology Agreement have implemented their tariff commitments under the deal.
During a recent World Trade Organization’s Committee on Anti-Dumping Practices meeting, China and Russia questioned U.S. and EU measures for calculating dumping margins on their steel products.
The Hong Kong-based containership lessor in Q3 2016 took impairment charges of $202.8 million related to ten ships under 5,000 TEUs in capacity and another $18.9 million related to the bankruptcy and subsequent default of Hanjin Shipping.
Effective Nov. 1, 2016, persons and organizations importing, handling or transporting crude oil into and within Canada are no longer legally allowed to use the older, less-reliable DOT-111 tank cars, Transport Canada said in a statement.
Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $56.8 million on revenues of $501 million during third quarter 2016, year-over-year decreases of 10.4 percent and 8.3 percent, respectively.
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has proposed updating its regulations to allow the import of Hass avocados from Colombia into the United States.
The all-cargo airline will commence a four-times-weekly service between London Gatwick Airport and Fort Lauderdale, Fla., as well as a three-times-weekly route from Gatwick to Oakland, Calif., starting in March 2017, the company said in a statement.
The Transportation Intermediaries Association appoints VP of education and DSV Road North America names president, while Chapman Freeborn selects chief commercial officer and the American Association of Port Authorities installs 2016-2017 chairman.
The A.P. Møller-Maersk conglomerate, which includes Maersk Line, APM Terminals, and energy related divisions like Maersk Oil, reported an underlying profit of $426 million in the third quarter of 2016, a 35.6 percent decline from third quarter 2015.
