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.
The online retailer released its blueprint for the utilization of delivery drones at a NASA conference last week.
Cargo thefts in the United States were down 11 percent by volume in the second quarter and 25 percent in value compared with the first quarter, according to the FreightWatch International Q2 2015 U.S. Cargo Theft Report.
The ocean carrier selected Keppel Shipyard Ltd to convert its Tacoma-to-Anchorage roll-on/roll-off trailership Midnight Sun to run on dual fuel liquefied natural gas.
The global logistics and freight forwarding company reported net earnings attributable to common stockholders increased 29 percent year-over-year in the second quarter to $117.8 million.
Class 8 truck orders in North America in July rose 21 percent month-over-month, according to preliminary data from transportation industry analyst FTR.
Swiss WorldCargo and Lufthansa Cargo said their new cargo pricing structure, effective Oct. 25, will contain just two components: a net rate and an “airfreight surcharge.”
The two companies extended their contract indefinitely and expanded the network agreement under which IAG Cargo currently purchases capacity from Qatar Airways.
The Mossend International Railfreight Park, designed to enhance rail capacity between Scotland the rest of the United Kingdom and European markets, was officially granted approval Aug. 4 by the Scottish Ministers.
