C.H. Robinson Worldwide said it had a profit of $116.3 million in the third quarter, 1.7 percent more than the $114.3 earned in the same 2011 period. Total revenues in the third quarter were $2.88 billion, up 6.9 percent from the $2.69 billion in the same 2011 period. Third quarter net revenues were $432.7 […]
Norfolk Southern reported a profit of $402 million in the third quarter, 27 percent less than the $554 million it earned in the third quarter of 2011. Railway operating revenues totaled $2.7 billion in the quarter, down 7 percent from the $2.9 billion in the third-quarter 2011. “Third-quarter results reflect weak market conditions, […]
Ship Finance International Ltd., a shipowning company that is affiliated with various companies controlled by the shipping magnate John Fredriksen, announced it has agreed to acquire two car carriers. The Japan-built vessels have a capacity of about 6,500 car equivalent units (CEUs) and were built in 2005 and 2006, respectively. Ship Finance said the vessels […]
Third party logistics services provider Globe Express Services (Overseas Group) has appointed Michael C. Hughes to president, chief executive officer, and board member, effective Dec. 1. Current CEO Ziad Korban will remain an active board member and owner, the company said in a statement. GES said Hughes will work closely with the […]
Crowley Maritime Corp. has appointed Steve Demeroutis to vice president of marine operations for its petroleum and chemical transportation group. Rudy Leming will assume Demeroutis’ former position as vice president of labor relations. Both Demeroutis and Leming will remain based in Jacksonville, Fla. Demeroutis joined Crowley in 2007 as director of labor […]
At the request of the United States, the World Trade Organization has established a dispute settlement panel to address China’s imposition of antidumping and countervailing duties on U.S. automobiles. The United States is challenging China’s imposition of duties allegedly because U.S. automobiles were subsidized and sold at less than fair value, or “dumped,” […]
BT Global Services has released new cloud-based capabilities for its BT Trace solution, which is designed to help companies manage their complex global supply chains. “Companies with a global supply chain deal with multiple issues, from counterfeiting and shrinkage to product recalls and perishable goods. This is typical for global companies active in […]
Canadian National Railway said it had a profit of C$664 million ($670 million) in the third quarter, about 1 percent more than the C$659 million earned in the same 2011 period. Revenue in the third quarter of 2012 was C$2.5 billion, up 8 percent over the third quarter of 2011, while revenue ton-miles […]
OSG had 112 ships in its fleet, 67 owned and 45 chartered, and had two under construction. It operates a highly diversified fleet that encompasses crude, product, and gas tankers across a wide range of sizes.
Protests continued Monday in Colon, Panama, over a law that allows for the sale of land in the Colon Free Trade Zone, according to the English-news Website Panama Guide. The Associated Press reported Friday that a 10-year-old boy was killed during violent protests in the city, at the Caribbean end of the Panama […]
The express carrier said it had a profit of $469 million in the third quarter, 56 percent down from the $1.07 billion earned in the same 2011 period.
Hub Group reported record profit of $18.5 million for the third quarter ended Sept. 30, an increase of 14 percent compared to the $16.2 million earned in third quarter of 2011. Revenue in the third quarter was $805 million, 7 percent more than the $752 million earned in the same 2011 period. […]
Seaboard Marine said earlier this month it completed the purchase of the Mare, a 974-TEU container vessel. The ship arrived has been renamed the Seaboard Atlantic. The company said it plans to base the ship in Miami and use it to serve the northern zone of Central America. “With her unique […]
The U.S. Export-Import Bank has renewed a 12-month export credit insurance policy for Wells Fargo to enable the export of American cotton to Menderes Tekstil Sanayi ve Ticaret A.S., a large Turkish textile maker. The bank said the renewal of this policy will sustain jobs at Cordova, Tenn.-based Cargill Cotton and the Carolinas Cotton […]
JetBlue Cargo has opened a new station at the Bermuda airport. The operation is overseen by Herbie Siggins, general manager. The Bermuda station is accessible to JetBlue’s other 38 locations. The airline will offer all cargo service levels in and out of Bermuda, including its Next Flight Guarantee on direct flights.
The U.S. Export-Import Bank entered an agreement with trade credit insurer Coface North America Insurance Co. to provide reinsurance. The bank introduced its reinsurance product two years ago to help U.S. small business exporters obtain short-term export credit. Since then, participating private-sector insurers of export credit are eligible to apply for Ex-Im Bank’s […]
Revenues in the first nine months of this year were $4.47 billion, 7 percent more than in the first nine months of 2011. Volumes for the same period was 3.9 million TEUs, 5.1 percent more than in the first nine months of last year.
The U.S. Justice Department has intervened in a lawsuit that claims the Houston-based stevedore, Jacintoport International LLC, a division of Seaboard Corp., overcharged for loading food aid cargo.
The U.S. Commerce Department has initiated antidumping and countervailing duty investigations of hardwood and decorative plywood imports from China.
Bahri, formerly the National Shipping Company of Saudi Arabia, said it had a profit of 60.2 million Saudi Riyal ($16.1 million) in the third quarter ending Sept. 30, compared to SAR 23.4 million for the corresponding quarter for the year 2011, an increase of 157 percent. Saleh Nasser Al-Jasser, the company’s chief executive […]
