Maritime

Chicago-based 3PL acquires freight management services division of ROAR Logistics.

The largest port on the U.S. East Coast handled 1.68 million TEUs during the first quarter, keeping it on pace for another record-breaking year in 2018.

The Chicago-based freight broker and third-party logistics provider posted a net income of $4.7 million in the first quarter of 2018 compared to a $2.9 million loss in the same quarter a year ago.

North America’s largest provider of truckload services reported a net income of $70.4 million in its second full quarter of post-merger operation.

The asset-light trucking company posted a net income of $57.47 million, revenues of $1.05 billion.

Trade groups say the legislation doesn’t go far enough; Teamsters say it goes too far.

The $8.4 billion stock-for-stock transaction is expected to close in the third quarter.

Interior hubs are providing cheaper and faster options for transporting goods as volumes rise and consumers demand quicker deliveries.

Drewry says leasing companies are expected to own 54 percent of the world’s shipping container fleet by 2020.

DOT outlines exemption procedures for air taxi operators planning commercial drop-offs

After suffering sustained losses in recent months, one measure of container freight rates spiked 12.8 percent last week, but another slipped 1.9 percent from the previous week.

NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as separate entities.

The comments from the Maersk Group CEO come amid a precipitous drop in container freight rates that could threaten carrier profitability in 2018.

The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.

The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.

The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.

The Class I railway increased net income, revenues and volumes during the quarter from the prior 2017 period.

The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.

A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.

An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.