Several major logistics and transportation company stocks have fallen sharply this week amid lower-than-expected earnings announcements and concerns of weak demand going into the fourth quarter.
Green Shipping Line is eyeing potential cargo shipping routes on the U.S. Atlantic Coast and in the Lake Erie region.
The Senate on Wednesday approved a House measure to extend federal transportation spending for three weeks and prevent a shutdown in funding today.
The Thomasville, N.C.-based less-than-truckload carrier posted net income of $84.4 million for the third quarter of 2015, an 8.3 percent increase from the third quarter of 2014.
The ocean procurement software provider launched Xeneta Insight for small and medium businesses and Xeneta Intelligence for large volume shipping companies.
The Norther California port will make 75 percent of the energy it purchases for tenants greenhouse gas-free within three years, according to a statement from the Oakland port authority.
U.S. Customs and Border Protection officers at the Miami International Airport found the counterfeit bracelets in a shipment from China.
The parcel giant will expand its “Centennial” ground package sorting facility in Louisville, Ky. from 257,000 square feet to 838,000 square feet and will nearly double the package processing rates.
The new, 265,000-square-foot office consolidates several locations and an estimated 1,200 FedEx team members into one location.
COSCO ships moved fewer containers in the third quarter than it did in the same period last year and terminals run by subsidiary COSCO Pacific handled fewer boxes as well.
Some Cal Cartage warehouse workers will join the protest today, according to the Teamsters, but port officials say there hasn’t been a marked effect on operations in terms of congestion.
A group of House lawmakers from across the political aisle voted successfully Tuesday to re-open the U.S. Export-Import Bank.
The Navy will now use side scan sonar in attempt to locate the wreck in a search area near Crooked Island, Bahamas, the National Transportation Safety Board said Tuesday.
APL Ltd. has agreed to pay the United States government $9.8 million to resolve allegations it violated the False Claims Act in regard to a contract to provide GPS tracking of ocean containers in Afghanistan.
New orders for manufactured durable goods fell 1.2 percent to $231.1 billion in September following a revised decrease of 3 percent in August, according to the latest figures from the U.S. Census Bureau.
The Senate Commerce Committee on Tuesday approved Sarah Feinberg to be administrator of the Federal Railroad Administration by a 19-1 vote in an off-the-floor markup.
The company’s trucking business benefited in the third quarter from its Jan. 1 acquisition of Freightquote.com, according to C.H. Robinson’s most recent financial statements.
The Dubai-based port terminal operator said growth in the first nine months of 2015 was driven primarily by terminal facilities Europe and the United Arab Emirates.
The North Liberty, Iowa-based trucking company posted net income of $15.1 million on revenues of $182.5 million for the third quarter of 2015.
Total throughput at the port reached 24.4 million gross tons for the first nine months of 2015, a year-over-year increase of 5.8 percent the harbor deepening project would help to accommodate.
