The Dubai, United Arab Emirates-based global port terminal operator signed a memorandum of understanding with state-run Taiwan International Ports Corporation to build and operate Kaohsiung Port’s Terminal 7 in Taiwan.
The commercial fleet management, dedicated transportation and supply chain solutions provider saw second quarter net earnings drop 14 percent to $74 million compared to the same 2015 period despite a 2 percent uptick in revenues.
The Rome, Ga.-based freight broker’s purchase of Apex Freight Services will allow Scott Logistics to expand its market presence and contribute $20 million in additional annual revenues, according to a statement from the company.
The asset-light transportation and logistics services provider posted a net income of $1.8 million for the quarter and $4.9 million for the first six months of the year, year-over-year declines of 89.1 percent and 83.8 percent, respectively.
However, the less-than-truckload carrier experienced the first quarterly year-over-year decline in revenues since the fourth quarter of 2009.
Gregory Zikos, chief financial officer of Athens-based containership leasing company Costamare, said the company continued to deliver solid and profitable results despite a challenging market environment.
The containership lessor’s board of directors decided to suspend the quarterly cash dividend on its common shares, as a result of the current containership charter market.
The Korean port’s increase in container volumes resulted from the Hanjin Incheon Container Terminal opening this year, Incheon Port Authority (IPA) President Yoo Chang-kuen said.
Echo posts strong second quarter Chicago-based Echo Global Logistics reported strong year-over-year increases in net income, revenues and truckload volumes during the second quarter of 2016.
Association of American Railroads President and CEO Edward R. Hamberger expressed how the rail industry’s position, which remains unchanged, claims forced access is an ill-conceived approach that compromises the efficiency of the entire network.
Association of American Railroads President and CEO Edward R. Hamberger expressed how the rail industry’s position, which remains unchanged, claims forced access is an ill-conceived approach that compromises the efficiency of the entire network.
The percentage of importer self-filing customs documents nearly doubled in 2016 from 2014 and 2015 levels, according to American Shipper and BPE Global’s annual Import Benchmark Study.
Earlier this year, FedEx outlined the importance of air cargo routes between the United States and Cuba in submitted documents to the U.S. Department of Transportation. As part of America’s expanding relationship with Cuba, DOT recently asked for carriers to propose flights in and out of cities on the island nation. When a […]
Five years ago in this space, I put forth a tantalizing question; “Who will be the Transportation Industry’s next Steve Jobs?” Jobs had recently passed away and our industry had a vacuum as innovators like Don Schneider, Malcom McLean, Phil Yeager and J.B. Hunt had also passed. As I look back on the 2011 […]
Countering Amazon’s supply chain takeover; Staying current on U.S.-Iran sanctions.
Schneider sees potential for growth in its bulk transportation business. For many years, the trucking company has provided liquid bulk transport to the chemicals industry, but has started increasing its transportation of bulk food-grade products. John Bozac, Schneider’s senior vice president and general manager of bulk, said longtime responsible care requirements for […]
A recent court decision is a reminder that the $500 package limit under the Carriage of Goods at Sea Act (COGSA) does not automatically apply in the event that deck cargo is damaged or lost. (Atwood Oceanics Inc. v. M/V Pac Altair et al. U.S District Court, Southern District of Alabama. No. 15-456. June […]
For a company buying technology, it’s often easy to get caught up in the delirium of what that system will provide. Never mind the process of choosing a vendor, preparing for deployment, and implementing, it’s all about the end result. But the reality is the end result is never as satisfying when companies […]
Cargo security vigilance in the United States was perhaps at its highest in the wake and immediate years following the deadly terrorist attacks of Sept. 11, 2001. However, its human nature for us to drift back into a state of complacency after a while. Businesses grumble quietly how much they can’t stand the […]
Forty-seven members of the PORTS Caucus in the U.S. House of Representatives recently sent a letter to Homeland Security Secretary Jeh Johnson urging him to address staffing shortages of Customs officers at seaports, which they said is slowing processing of cruise passengers and freight. Congress in 2014 appropriated money enabling Customs and Border […]
