The temperature-sensitive truckload carrier posted earnings per share of $0.26 per share, exceeding the street consensus and Stifel’s estimate of $0.25 per share.
The Belgian port signed a memorandum of understanding (MOU) last week with the Shahid Rajaee Port Authority, which controls the Port of Bandar Abbas in southern Iran.
Taiwan-based ocean carrier Evergreen Line has begun purchasing slots on CMA CGM’s PEX3 service, which connects Asia with the U.S. Gulf and East Coast as well as South Africa on a round-the-world routing.
The Chicago-based freight broker told American Shipper it targets deeper relationships with fewer brokers, eschewing transactional business for better relationships with retailers and carriers.
The Jacksonville, Fla.-based railway will construct a $270 million intermodal rail hub in Rocky Mount, N.C. in addition to launching a new intermodal rail service within the state between the Port of Wilmington and Charlotte.
Forget playing the blame game, the fraught implementation of container weighing rules came down to the fact that the container shipping industry has no single trusted information source.
Labor leaders and House Democrats told reporters Friday they would continue to lobby against a congressional vote on the sweeping 12-nation Trans-Pacific Partnership until after the presidential inauguration in January.
Following the attempted coup d’etat over the weekend, Turkey has experienced limited shipping and operational disruptions throughout the nation.
Industry groups have railed against the Federal Railroad Administration’s recent attempts to mandate two-person crews on all freight trains, but unions continue to argue that operating trains with a single crew person is fundamentally unsafe.
Former Congressman Daniel B. Maffei was sworn-in on Monday, July 18 as a commissioner of the Federal Maritime Commission, taking the seat of Commissioner Richard A. Lidinsky Jr. who retired last Friday.
The Honolulu-based shipping company has entered into an agreement to acquire Span Alaska, which has doubled in size during the past year through the acquisition of Pacific Alaska Freightways.
The Japanese ocean carrier pleaded guilty to criminal cartel conduct in Australia’s federal court in relation to the transportation of vehicles to Australia between July 2009 and September 2012.
Hong Kong handled 1.61 million TEUs of containerized cargo for the month and 9.16 million TEUs in the first six months of 2016, year-over-year declines of 8.6 percent and 10.5 percent, respectively, according to recent data from the port.
Swiss-based third-party logistics provider Kuehne + Nagel grew net earnings 9.2 percent year-over-year to 356 million Swiss Francs in the first six months of 2016 following a 5.4 percent increase for the full year in 2015.
The International Trade Commission is scheduled to make its final injury determinations in the investigations of heavy-walled rectangular-welded cargo steel pipes and tubes from South Korea, Mexico and Turkey Aug. 29.
The intermodal and trucking provider saw second quarter net earnings tick up 1.9 percent year-over-year to $105 million on revenues that grew 5 percent to $1.62 billion.
China International Marine Containers, the largest manufacturer of shipping containers worldwide, issued a profit warning to investors predicting a loss of 450 million yuan renminbi (U.S. $67.4 million) for the first six months of the year.
International airports, such as Schiphol, have seen weak growth in the air freight business during the first half of the year, according to Airports Council International.
The United States government has entered into an agreement with the Vietnamese government to end two longtime World Trade Organization disputes involving imports of Vietnamese shrimp into the U.S.
The Massachusetts Port Authority revealed that shipping lines continue to indicate their intention to deploy 10,000-12,000 TEU containerships to the port, which just received its largest containership ever this past weekend, the 8,532-TEU Xin Mei Zhou.
