The international freight forwarder and third-party logistics provider recorded a boost in volumes for the quarter from a year prior as margins remained under pressure.
Truckload pricing slipped another 0.9 percent in March 2017 compared with the same month a year ago, the 13th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the industry is behind in digitalization.
The Jacksonville, Fla.-based Class I railway saw net earnings tick up 1.6 percent to $362 million for the quarter even as revenues jumped 9.6 percent to $2.87 billion compared with the same 2016 period.
The Hamburg-based maritime services provider’s owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
Shipment volumes for the month grew 0.5 percent from February and 0.9 percent from March 2016, while expenditures were down 1.2 percent sequentially but up 3 percent year-over-year, according to the latest Cass Freight Index Report.
The Canadian Class I railway’s profit for the quarter tumbled 20.2 percent year-over-year, despite modest increases in revenues and volumes.
The invitation-only event will be held May 3 as part of the port authority’s effort to develop a master plan.
The weekly AL1 service, operated by “THE” Alliance, made its first call to the Packer Avenue Marine Terminal Wednesday with the 4,600-TEU YM Essence.
The east-central Canadian province recorded a 262 percent year-over-year increase in reported cargo thefts during the first quarter of 2017, mostly occurring in the Greater Toronto area.
The Port of Virginia names new vice president of ocean carrier sales, while Tiger Cool Express promotes chairman and hires president, and SEKO Logistics appoints president of Aerospace & Aviation division.
Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.
The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.5 percent this year, up from its January projection of 3.4 percent.
The American Maritime Partnership said it supports CBP’s notice published in January that it is revoking previous “letter rulings” that it said are inconsistent with the proper enforcement of coastwise laws, such as the Jones Act.
Federal Maritime Commissioner Mario Cordero, who will leave the agency in May to become Port of Long Beach Executive Director, said in addition to its regulatory role, the FMC has become a trade facilitator, fostering the movement of waterborne transport.
The seasonally adjusted For-Hire Truck Tonnage Index fell 1 percent compared with the previous month to a reading of 137.5, following a revised 0.1 percent decline in February, according to the American Trucking Associations.
Proceeds of the offering are expected to be used to fund the acquisition costs of additional dry bulk vessels and general corporate purposes.
U.S. Senate Minority Leader Charles Schumer, D-N.Y., called on the departments of Transportation and Energy to finish and quickly implement rules mandating that crude oil be made less volatile before being shipped across the country by rail.
Container freight rates in the eastbound transatlantic trade jumped 33 percent from last week, while China-U.S. West Coast prices grew 11 percent, according to the latest data from the Freightos International Freight Index.
Daewoo Shipbuilding & Marine Engineering bondholders have approved a debt-for-equity swap as a condition of a 2.9 trillion won funding package from the Korea Development Bank and Export-Import Bank of Korea.
