Maersk Group is tipped to announce its second share buy-back in six months on Wednesday when it unveils fourth-quarter 2014 results that are likely to be dominated by surging container shipping profits.
Canadian National Railway late Monday night withdrew its threat to lockout 4,800 union members after the railroad reached a tentative labor agreement with Unifor.
Seaspan’s net profit for 2014 fell 56 percent year-over-year to $131.2 million, although the container ship owner reported that its “normalised net earnings” grew by 14.6 percent to $139.1 once the results were adjusted to account for items it did not consider representative of its operating performance.
Trade between China and Iran has been growing at almost 40 percent a year since 2012, driven by rapidly rising consumer demand, according to a Seabury Group study.
After months of bitter negotiations, and with a tentative waterfront contract that is barely three days old, Southern California political, labor and management leaders on Monday said they will focus now on returning the largest U.S. port complex to normal operations.
A newly introduced U.S. House bill would allow shippers to pay for additional Customs staffing and extended gate times at the entire U.S.-Mexico border, and not just at ports of entry in Texas as they can now.
Transportation company spending on equipment helped boost an equipment financing index to three-year high in February despite lower equipment spending in the energy field.
The five largest U.S. border crossings by truck increased truck volume 4 percent in 2014, with Laredo, the largest truck crossing point, processing 5.5 percent more trucks than in 2014.
With a tentative contract in hand, West Coast ports are easing their way back into full production, although the performance of longshoremen Monday was not consistent up and down coast, according to the Pacific Maritime Association.
The completion of a long-awaited Pacific trade deal may still be a ways off, international officials say, so long as U.S. legislators continue to delay key trade legislation that would make the deal possible.