G&W profits drop despite higher revenues in 2015
The short line and regional freight railroad owner and operator Genesee & Wyoming saw net income fall 13.7 percent year-over-year in 2015 to $225 million.
The short line and regional freight railroad owner and operator Genesee & Wyoming saw net income fall 13.7 percent year-over-year in 2015 to $225 million.
The Canadian port’s enhanced container web-tracking tool allows shippers to track the status of their containers as they moves throughout the supply chain.
Nearly 10,000 counterfeit products, including medical equipment, automotive parts, luxury jewelry and electronics, were seized at the Luis Muñoz Marín International Airport in San Juan, Puerto Rico.
The cargo segment of American Airlines released its new redesigned tracking functionalities on its website, which will improve shipment visibility for customers, the airline said.
C.H. Robinson appoints Asia VPs, while Lineage Logistics picks transportation VP and the Port of Houston reappoints commissioner.
The culture change is designed to create a bottom-up decision-making process that empowers employees and ultimately benefits customers, Executive Director Jim Newsome told American Shipper in a recent interview.
A new position paper from the Agriculture Transport Coalition lays out options such as delaying enforcement of the SOLAS verified gross mass requirement or allowing weight variance, and requests a congressional inquiry into the IMO.
Rather than pursue a potentially damaging proxy fight to install new leadership, Canadian Pacific is asking NS shareholders to urge the company’s board to “engage in good faith discussions with CP.”
Maritime industry groups are concerned that the 2017 fiscal year budget request from the Obama administration will hurt progress made by ports on infrastructure and the environment.
Container carriers have offered to publish binding actual rates a month before they go into effect, according to a recent report from Reuters news service.
After ironing out a dispute over taxing Internet access, the Senate is expected to vote this week on a Customs bill supported by industry because of its focus on trade facilitation and enforcement.
Ports covered by the Global Port Tracker report are expected to handle 8.8 million TEUs throughout the first half of 2016, a 4.5 percent increase from the corresponding period in 2015, according to the National Retail Federation and Hackett Associates.
The South Carolina Port Authority has a “for sale” sign on its downtown Charleston headquarters and wants to build a new office adjacent to the Wando Welch container terminal to move corporate personnel closer to port operations.
Although activity slowed slightly in the fourth quarter, total deal value for mergers and acquisitions in the transportation and logistics sector spiked 206 percent from the same 2014 period, according to a new report from PwC US.
German ocean carrier Hapag-Lloyd has purchased two wide beam ships from NileDutch, and will charter two sister ships for use in South America as well as four wide ships for a Canada-Mediterranean string.
In container volumes alone, the German port experienced a 9.3 percent year-over-year decline to 8.8 million TEUs, which primarily resulted from lower volumes handled to and from China, Russia and Poland.
Carl Kemp is returning to Long Beach, Calif. as vice president of the Pacific Merchant Shipping Association after a stint as senior advisor for legislative and public affairs at the Federal Maritime Commission.
In 2016, the Swedish port’s most significant investments are geared towards its new terminal, the Port of Gothenburg Logistics Park, a new truck entrance at the port and new terminal surfaces at its container terminal.
The U.S. International Trade Commission on Tuesday determined that domestic industry is harmed by imports of certain uncoated paper from Australia, Brazil, China, Indonesia, and Portugal.
Third-party logistics services provider Roadrunner Transportation Systems has expanded its less-than-truckload presence in Texas with new offices in Dallas and Houston, and has taken over another facility in Memphis, Tenn.