Less-than-truckload carrier Old Dominion Freight Line also experienced weak revenue growth of 1.6 percent year-over-year for the first quarter of 2016, reflecting an economy that remained sluggish and the impact of a 23.3 percent drop in fuel surcharges.
The container terminal operator posted a cargo throughout of 15.5 million TEUs at its container terminals in the first quarter of 2016, a 2.4 percent increase from the same 2015 period on a like-for-like basis.
The tank barge operator posted net earnings attributable to shareholders of $38.1 million on revenues of $458.7 million, year-over-year drops of 37.6 percent and 21.9 percent, respectively.
The United States imported 2.57 million net tons of steel in March, a 12.8 percent increase from February, but a 28.4 percent decline from March 2015, according to figures from the American Institute for International Steel.
The European Union competition watchdog said a trustee will monitor both companies to ensure there is no information sharing between the Ocean3 and G6 ocean carrier alliances, of which CMA CGM and Neptune Orient Lines subsidiary APL are currently members.
The Water Resources Development Act reauthorization includes provisions sought by the nation’s port authorities related to how harbor deepening projects are funded, getting more money for maintenance dredging in the pipeline and authorizing new projects.
The S.C. Ports Authority banks on profit-making strategy to finance infrastructure at Charleston and elsewhere.
Shippers better understand the value of automating shipment execution.
The South Carolina Port Authority’s inland port 212 miles west of Charleston has been successful generating cargo business.
North America now accounts for half of ZIM’s container-shipping business.
Container terminals improve thanks to better processes, land use and IT.
Analog strategies in an omnichannel world.
Excellent opportunities exist for companies competing in global trade to leverage their business models by reviewing their supply chain process options. One option is the use of foreign trade zones (FTZs), not only here in the United States but also available in most major trading centers of the world. The primary reasons for considering FTZs […]
Chip Bergh is a self-professed “brand guy.” If you’ve ever used a Swiffer on a dirty kitchen floor, or if you’re under the age of 80 and splashed some Old Spice on before a date, chances are Bergh had an influence on those decisions. The Swiffer was his idea, and the quirky ad campaign that made […]
Ports gain DOT respect
Approaching two years as chief executive officer of Hapag-Lloyd, Rolf Habben Jansen has expressed satisfaction with the German carrier’s 2015 results and sees some encouraging signs on the horizon. Last year swung to a net profit of 114 million euros ($127.5 million) from a loss of 604 million euros ($675.6 million) in 2014. He attributed the […]
Ocean carriers would seem to hold all the cards in contract rate negotiations as controllers of much needed and often tight capacity in an industry with antitrust exemption. Now, after several years in a buyer’s market with no end in sight, the reality is somewhat different. Shippers have the leverage to secure container capacity at reasonable […]
Cuban cargo crisis?
Suffering from dockworker disruption. Five lies the Ubers of trucking may tell. CP-NS acquisition railroaded from the start.
What driver shortage? Scott Grenerth, director of regulatory affairs at the Owner-Operator Independent Drivers Association (OOIDA), can’t stand it when anyone says there’s a truck driver shortage in America. “There is no driver shortage,” he told American Shipper at the association’s offices in Grain Valley, Mo. “It’s more the churn in the industry.” […]
