VesselsValue Senior Analyst William Bennett found the companies will own 36 percent of the world’s open hatch/gantry fleet by deadweight tonnage and 30 percent by value.
Shipment volumes in September 2016 slipped 0.4 percent from the previous month and 3.1 percent compared with the same 2015 period, the 19th straight month of year-over-year volume declines, according to the latest Cass Freight Index Report.
Jacksonville, Fla.-based Landstar System, Inc. posted a net income of $36.3 million on revenues of $788 million for the third quarter of 2016, year-over-year declines of 7.8 percent and 6.4 percent, respectively.
The Canadian fund Caisse de dépôt et placement du Québec has purchased a $155 million stake in Chennai, India-based third-party logistics provider TVS Logistics Services from Goldman Sachs and KKR & Co., according to a statement from CDPQ.
The Deutsche Bahn AG subsidiary is planning a workforce reduction of 893 positions and other operational downsizing due to what it called “unprecedented challenges” in the rail transportation market caused by declining commodities volumes.
Integrated logistics provider Agility opened a distribution park near Ghana’s main port, and has plans to build more logistics parks across Africa.
SAL Heavy Lift, a subsidiary of “K” line, has entered a contract with Van Oord to transport foundations for wind turbines to be used at the Walney Offshore Wind Project.
Eden Prairie, Minn.-based C.H. Robinson has been perfecting the concept of just-in-time logistics for more than 100 years, delivering fresh fruits and vegetables to customers across the United States and throughout the world.
Calgary-based Class I railway Canadian Pacific posted a net income of $347 million Canadian (U.S. $266.4 million) in the third quarter of 2016, a 7.4 percent increase from the same 2015 period, on revenues that fell 9.4 percent to C$1.55 billion.
The White House said Tuesday that China has ended tax exemptions that had unfairly benefited the country’s domestic manufacture of certain types of aircraft over equivalent imports.
The illegal narcotics were discovered in a container on board the 4,253-TEU Kota Lukis, which was docked at the Port of Manzanillo, Mexico, Singapore-based Pacific International Lines confirmed in a statement.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 132.7 for the month, down 5.8 percent from August and 0.7 percent compared with September 2015, the first year-over-year decline of 2016, according to American Trucking Associations.
The Icelandic shipping company has acquired 90 percent of the forwarding company Extraco Internationale Expeditie B.V. in the Netherlands.
Maersk Container Industry received a $55 million order to manufacturer 4,000 new reefer containers for Antwerp-based shipping company Seatrade Reefer Chartering.
LEMAN, a Denmark-based third-party logistics services provider that specializes in pharmaceuticals, will open a new branch office in Charlotte, N.C. on Nov. 1.
Volga-Dnepr Group names senior VP of sales and marketing, while Synergy appoints VP of enterprise solutions.
Investments in new projects are slowing, and Neil Davidson, senior analyst in Drewry’s ports and terminals practice, warned that a sudden rebound in demand could be a problem.
An MSC spokesperson told American Shipper the reason it sold its interest in Genoa, Italy-based logistics company Aprile to Savino Del Bene was to exit the freight forwarding business.
The mid-Atlantic port handled 220,000 TEUs of containerized cargo for the month, an increase of 2 percent from September 2015, after a record setting month in August, according to data from the Virginia Port Authority.
Mediterranean Shipping Company said it will offer its transpacific “Maple” service on its own instead of together with Maersk.
