The port said revenues for the fiscal year ticked up slightly to a new record, as revenues lost from the Outer Harbor Terminal closing were offset by higher aviation revenues.
The software maker will use C.H. Robinson’s managed transportation subsidiary to handle global logistics, increasing visibility to make changes to fulfillment plans.
The mid-Atlantic port handled 220,000 TEUs of containerized cargo for the month, an increase of 2 percent from September 2015, after a record setting month in August, according to data from the Virginia Port Authority.
Mediterranean Shipping Company said it will offer its transpacific “Maple” service on its own instead of together with Maersk.
Truckload pricing dipped another 3.5 percent for the month compared to September 2015, the seventh consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
The Swiss-based third-party logistics provider posted net profits of CFH 177 million for the third quarter of 2016 and CHF 533 million for the first nine months of the year.
Although the decline was less severe than the previous 20-month average, intermodal pricing in September 2016 dropped for the 21st straight month compared with the prior year period, according to the latest Cass Intermodal Price Index.
Kansas City Southern’s net income fell 9.1 percent to $121 million in the third quarter of 2016 on revenues that slipped 4.3 percent compared to the previous year, according to the company’s most recent financial statements.
The Lowell, Ark.-based intermodal and trucking provider’s revenues for the third quarter of 2016 rose 7 percent year-over-year to $1.69 billion.
The Memphis, Tenn.-based integrator will invest 200 million euros to expand its airfreight logistics center at Paris Charles de Gaulle Airport and has signed a 30-year lease agreement with a total rental value of 1.2 billion euros, the company said today.
CMA CGM’s Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR) has introduced a new short-sea liner service that connects Rotterdam to the United Kingdom and Norway, called the PENN service.
Japanese liner carrier NYK has entered into a joint venture with Bolloré Transport & Logistics Kenya Ltd. and Toyota Tsusho Corp. to set up Bolloré NYK Auto Logistics Ltd., a logistics company to handle finished cars for the Kenyan market.
Worldwide Flight Services has entered a three-year contract to provide cargo-handling and trucking services for Pakistan International Airlines in the United Kingdom.
Logistics service provider DB Schenker and Lufthansa Cargo, the logistics unit of German airline Deutsche Lufthansa AG, said they are well on track to achieve their joint goal of reducing carbon emissions by 20,000 tons by 2020.
Rafi Danieli, chief executive of ZIM, said in an interview with American Shipper that the carrier focuses on specific global trades, where it wants to sail, and where it has an advantage and a big market share.
Notifying importers of their final duty calculations on entries would be handled online rather than by mail or checking paper documents at the Customs house under a proposed regulatory change from the U.S. Customs and Border Protection.
The port terminal operator arm of COSCO Shipping has purchased a 40 percent stake in the Vado Ligure port reefer terminal, as well as a container facility expected to open in 2018, from APM Terminals for a total consideration of 53 million euros.
The French ocean carrier has appointed Michel Delville, former CFO of high-tech battery manufacturer Saft Group, to replace outgoing Chief Financial Officer Michel Sirat, according to a statement from the company.
Meanwhile, the Port of Los Angeles signed a partnership with the U.S. Department of Commerce and the Center for Global Supply Chain Management to advance the use of technology at ports in order to make them more globally competitive.
In preparation for the next miscellaneous tariff bill before Congress, the U.S. International Trade Commission has begun accepting petitions seeking temporary duty suspensions and reductions.
