HHLA, Hamburg’s leading container handler, posted lower revenues and earnings for 2015 as China's slowing imports and Russia’s economic crisis resulted in a double-digit decline in traffic.
Taiwan International Ports Corporation expects to have an independently audited environmental management system in place for all ports under its jurisdiction by the end of 2017.
The Indian federal government on Wednesday approved a proposal allowing the Ministry of Railways to set up joint ventures with various state government agencies for the development of rail infrastructure projects in the country.
DP World Nhava Sheva, which last month fought a long battle to end slowdowns brought on by industrial unrest, has upgraded its automated gate systems, allowing much faster truck turnarounds at India’s biggest container gateway, Jawaharlal Nehru Port Trust.
Robust growth in GLP’s China business, strong gains in Japan and a storming entry into the U.S. market drove up the third quarter earnings of the logistics property developer by 64 percent.
USA Truck recorded improved profits and operating ratios for both the fourth quarter and full year of 2015, despite double-digit drops in revenue, even excluding fuel surcharges, for both periods.
Lower fuel prices and a softening used truck market constrained fourth-quarter revenue growth at Ryder System, but demand for Ryder’s fleet and supply chain services remained strong.
Class 8 truck orders plummeted 35 percent month-over-month and 48 percent year-over-year in January, another sign that truck capacity may have peaked.
Shippers using C.H. Robinson Worldwide to move truckload freight saw pricing drop 3 percent on average in the fourth quarter. The logistics operator's volume, net revenue and profit, on the other hand, all rose.
The decision Monday by Outer Harbor Terminal in Oakland to file for Chapter 11 bankruptcy protection will not deter Ports America from continuing to invest in its other container terminals on both the West and East coasts, the company said Wednesday.