The Berkshire Hathaway-owned BNSF Railway Company reported net income of $4.92 billion in 2015, an 11.8 percent jump from the previous year, according to the company’s most recent financial statements.
Flemming Dalgaard, a former DP World executive, has taken the reins at the United Arab Emirates-based global terminal operator from Peter Richards, will now become CEO of Gulftainer USA.
Overseas Express Consolidators Canada Inc. has acquired Ryder CRSA Logistics in Canada and its overseas interests in Hong Kong and Shanghai.
The Rotterdam port authority saw full-year profits dip despite growing revenues 2.6 percent to 677 million euros ($738.4 million) in 2015 on the strength of a 4.9 percent increase in cargo volumes.
Chinese container carriers COSCON and China Shipping officially began a merger of the two companies today with the signing of a series of leasing contracts for containerships and containers.
The new feeder loop between the Caribbean and the North Atlantic Coast of South America will connect to the Israeli ocean carrier’s global service network through ZIM’s hub in Kingston, Jamaica.
Maersk’s third-party logistics subsidiary has opened a larger logistics facility in Vietnam’s Binh Duong province “in preparation for the upcoming years of strong economic growth” in the country, the company said.
Under a new pricing structure, surcharges related to fuel will be rolled into Alaska Air’s base rates and customers will now be only charged by freight weight and a single screening fee.
Dachser USA Air & Sea Logistics has opened an office in the Minneapolis area to continue growing its Midwest footprint.
The Global Consolidators Working Group sent an open letter to the International Maritime Organization asking for a “status update” on how member states will implement and enforce the new verified gross mass requirements.
The Global Consolidators Working Group sent an open letter to the International Maritime Organization asking for a “status update” on how member states will implement and enforce the new verified gross mass requirements.
Starting today, drayage drivers working for XPO Logistics subsidiaries XPO Cartage and XPO Port Services in the ports of Los Angeles and Long Beach plan to join truckers that have been on strike against Pacific 9 Transportation since July 2015.
Canadian Pacific has received three letters from rail shippers in support of its proposed acquisition of Norfolk Southern Corp. for every one customer opposition letter, according to a statement from the Calgary-based railway.
Both the Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index tumbled last week, continuing a worrisome trend for ocean carriers.
Software-as-a-service transportation management solutions provider LeanLogistics officially launched its LeanGlobal extension for ocean freight booking, tracking and settlement.
Swiss-based global freight forwarder Panalpina was able to hold the line on profits in 2015 despite a decline in both airfreight and ocean volumes, according to the company’s most recent financial statements.
Major U.S. retailer Target Corp. has hired Arthur Valdez, formerly of Amazon, as executive vice president and chief supply chain and logistics officer, effective March 28.
Kansas City Southern Railway will start its positive train control Field Integration Testing to evaluate existing PTC technologies and hardware prior to full implementation.
Richard Biter says March 1 will be his last day as assistant secretary for intermodal systems development at the Florida Department of Transportation as he is scheduled to undergo cervical surgery.
The United States on Friday asked the Peruvian government for the first time under PTPA to verify that a 2015 timber shipment complied with the South American country’s forestry laws.
