Dayton Freight Lines names VP of legal, while Virgin Atlantic Cargo appoints U.S. regional sales manager and Vnomics picks chief technology officer.
The investment bank’s transportation services research team projects higher earnings per share for several of the North American Class I railways, but stock prices have gone up to reflect a less dour industry outlook.
Lower per barrel prices pushed down the value of crude oil shipped to and from the United States by vessel and pipeline within North America, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
The integrated logistics provider posted net profits of 53 million Kuwaiti Dinars (U.S. $176 million) in 2015 on revenues of 1.3 billion Kuwaiti Dinars, according to the company’s most recent financial statements.
Automated aerial vehicles offer a faster, cheaper, and safer way to carry out bridge inspections, monitor traffic and conduct aerial surveys, according to the American Association of State Highway and Transportation Officials.
Heavy fuel oil leaking from the TS Taipei, which ran aground March 10 and split in two late last week, has contaminated approximately 1.24 miles of coastline in northern Taiwan, according to local media reports.
The United States economy grew 1.4 percent in the fourth quarter of 2015, double the government’s original estimate, while durable goods orders continued to slow, according to figures from the U.S. Department of Commerce.
The new weekly China Russia South service operated by Hyundai Merchant Marine, FESCO and CMA CGM merges two prior loops.
The Massachusetts Port Authority on Thursday authorized staff to execute a Project Partnership Agreement with the U.S. Army Corps of Engineers and the Massachusetts Department of Transportation to start deepening Boston harbor.
The cargo-dedicated airline saw net profits after tax increase to $49 million for the full year in 2015, compared with $3 million in 2014.
The U.S. Surface Transportation Board is seeking public comment on its proposal to revoke existing class exemptions from railroad transportation regulations on certain commodities.
Chattanooga, Tenn.-based Dynamo, a self-described “logistics accelerator” led by three former supply chain executives, is accepting applications through May 8, 2016.
The Nigerian Export-Import Bank and Nigerian Shippers Council are collaborating to establish a regional shipping line, according to a report from the Lagos-based Vanguard newspaper.
The independent containership owner and manager took delivery of the MOL Benefactor, which will operate between Asia and the Middle East.
MOL announces management promotions, while Cargomatic names two VPs and Norfolk Southern appoints HR VP and board audit committee chair.
A group of some of the largest international trade associations has asked the Obama administration to press forward with key aspects of the Export Control Reform (ECR) Initiative.
The Chinese container line received a large handout to help upgrade vessels with anti-pollution technology, but has since routed the vessels to ports in other parts of the world instead, according to a report from the L.A. Times.
The French ocean carrier appears to be participating in a recent trend by lines to skirt canal fees by sailing around the Cape of Good Hope at the southern tip of Africa.
“You want the volume to come, you want big ships to come, but you just don’t have the infrastructure to handle them,” Seaspan Corp. Chief Executive Gerry Wang said of the larger vessels that will soon be able to transit the expanded Panama Canal.
However, freight rates are still struggling and, according to shipping research and consulting firm Drewry, although consolidation may be a route to survival for some carriers, it can also create challenges.
