The supply chain management software company reported a 20 percent decline in EBITDA despite 15 percent revenue growth in the first quarter of fiscal year 2016, which ended July 31.
The highly automated Rotterdam World Gateway terminal, where all cranes and vehicles on the terminal run on electricity, announced its official opening today.
The major U.S. food manufacturer implemented GT Nexus’ platform in concert with its transition to SAP’s ERP system as it sought to get deeper visibility into its extended supply chain.
Roadrunner appoints senior VP of sales, while Fleetgistics names new CEO.
The Safe, Flexible and Efficient Trucking Act would allow interstate systems in each state to increase their weight limit from 80,000 pounds to 91,000 pounds if trucks were equipped with a sixth axle.
Import cargo volumes at the nation’s major retail container ports increased 8.1 percent compared with July 2014, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
Federal Maritime Commission Chairman Mario Cordero said he also favors a third party audit of PierPass.
The ocean carrier placed newbuild orders worth an estimated $1.5 billion at four shipyards that are to be delivered in 2018.
The global trade and transportation software provider posted a net income of $5.1 million for the second quarter of fiscal 2016, which ended July 31, a year-over-year increase of 42 percent.
The French ocean carrier will modify its Brazil Express loop between South America, Central America and the Caribbean at the end of the month.
The Federal Maritime Commission is looking to to increase awareness of its role with legislators, the press, and stakeholders.
The Port of Rotterdam Authority announced the construction of Yukon Harbor, which will include a new LNG Breakbulk terminal.
The major shipment of illicit rough diamonds and gold confiscated at Beitbridge border post last week was one of several recent large hauls, according to the South African Revenue Service.
The third-party logistics provider established Yusen Logistics Pakistan (Private) Limited in Lahore, Pakistan and opened a branch in Karachi, Pakistan.
With the latest in a series of blockbuster M&A deals in the logistics industry this year, XPO would become the second largest less-than-truckload provider in North America.
CEO of XPO Logistics Brad Jacobs told investors and media tight truck capacity helped prompt the company’s investment in an asset-based business.
The Danish ocean carrier’s strong performance in first half of 2015 stands in sharp contrast to the same period in 2009, according to Maersk Line CEO Soren Skou.
Current rates only make a “nominal contribution” to a round-trip transpacific sailing, and “barely compete for space aboard ships with empty repositioned containers needed in Asia,” according to the Transpacific Stabilization Agreement.
The Cornelia Maersk is the only vessel tested thus far by the Coast Guard and CBP and the agencies do not plan to test any other ships from Tianjin in the immediate future, according to a spokesperson for the USCG.
The Independent Pilots Association called on its members to authorize a strike against UPS and said it will announce the voting results Oct. 23.
