Major Japanese international freight forwarder Yusen Logistics Co. said that its group net profit more than doubled in the fiscal year ended March 31, as its revenue grew robustly and its strenuous cost-cutting efforts paid off.

Panama’s cabinet council has approved a request by the Panama Canal Authority to implement volume-based discounts for container ships. The new toll schedule will take effect April 1, 2016.

container ship at Evergreen terminal, Port of Los Angeles
The ports of Los Angeles and Long Beach achieved a post-congestion milestone this week with no container vessels arriving at anchor on Tuesday, and again on Thursday, for brief periods.

Strong growth across multiple segments, especially intermodal, helped India’s Gateway Distriparks Ltd. deliver impressive results in fiscal year 2014-15, which ended March 31.

Dayside operations at the Port of Oakland will be suspended Friday as longshoremen hold their monthly stop-work meeting to discuss union matters.

UPS Freight is adding liquefied natural gas-powered tractors to its less-than-truckload fleet, cutting emissions and, hopefully, long-term term fuel costs. Shippers still want trucking partners to help them reach sustainability goals.

ANA Holdings and Japan Airlines posted mixed earnings results in the fiscal year ended March 31, even as the two biggest Japanese air carriers saw their international cargo revenues soar.

KLM Cargo
Air France-KLM Cargo remains mired in the red with the first-quarter operating loss almost doubling to 63 million euros ($70.6 million) from 34 million euros a year ago as the carrier rushes to downsize its unprofitable freighter operations.

IAG Cargo posted lower revenue and reduced volumes in the first quarter as the carrier continued to feel the impact of its exit from freighter operations.

Gulftainer said it handled 19,561 20-foot-equivalent units of containers in 54.4 hours on a single call at its Khorfakkan Container Terminal in at Sharjah, United Arab Emirates.