The Netherlands-based logistics provider reported a 25 percent year-over-year increase in EBITA despite a 10.2 percent decline in net revenues for the second quarter of 2015.
The intra-Europe and Mediterranean dedicated liner company, a Maersk subsidiary, announced a new rail connection from St. Petersburg to Moscow.
Three different pests capable of causing damage were discovered at the Port of Philadelphia, U.S. Customs and Border Protection said in a statement.
A rule from the Pipeline and Hazardous Materials Safety Administration requiring shippers to label and document shipments with more than 12 lithium batteries went into effect Friday.
New sections and bypasses in the 72-kilometer stretch of the waterway will reduce waiting time and transit times, according to Suez Canal authorities.
Unphased by a reported loss in the second quarter, fast-growing XPO Logistics is now projecting $23 billion in revenues by 2019, but the highly acquisitive company has sailed past similar projections regularly in its relatively short history.
President Obama on Wednesday announced his intent to nominate T.F. Scott Darling III to administrator of the Transportation Department’s Federal Motor Carrier Safety Administration.
Mergers and acquisitions in the transportation and logistics sector in the first six months of the year, which have included several multi-billion dollar deals, are off to the hottest start in seven years, according to a new report from PwC US.
The Danish transportation and logistics provider’s strong results were driven by a “remarkable” 26 percent increase in earnings, according to CEO Jens Bjørn Andersen.
The international freight forwarder and logistics provider acquired RSH Freight Master Limited and subsidiary Principal Freight Limited, Hounslow (Heathrow) July 1.
The freight broker and transportation services provider’s acquisition of rival brokerage Command Transportation during the quarter bolstered its financials, with the company now targeting $3 billion in revenues by 2018.
The Commerce Department on Wednesday said the country’s exports of goods and services for June fell slightly to $188.6 billion, compared to $188.7 billion in May.
Turkish steel shippers have gone on the offensive as U.S. steel producers plan to file additional antidumping and countervailing duty petitions.
Sluggish airfrieght growth resulted from a decrease in trade activity, primarily in emerging markets and weaker than expected global growth, according to the International Air Transport Association.
The airline group reported cargo volumes of 422 million cargo ton kilometers in July, a year-over-year drop of 7 percent
The logistics solutions provider will break ground on a new warehouse facility in Zeeland, Mich. for Mead Johnson Nutrition, a pediatric nutrition company.
More than two years of negotiations yielded an FTA that will eventually see tariffs eliminated on most goods traded between the EU and Vietnam, which had more than 28 billion euros in trade in 2014.
International volumes are growing three times faster than domestic intermodal business, according to the Intermodal Association of North America.
Despite incurring additional costs for a settlement with Hawaii over a 2013 molasses spill and the acquisition of Horizon Lines’ Alaska operations, Matson’s core business “delivered strong results,” CEO Matt Cox said in a statement.
Third partly logistics provider Kuehne + Nagel Group’s purchase of 100 percent of the multimodal transportation management solutions provider is valued at an estimated $180 million to $200 million, according to Stifel.
