Maersk Line swung to a $204 million operating profit in the first quarter from a $599 million loss a year ago, its fourth successive quarter in the black, driven by cost savings, higher freight rates and a lower fuel bill that more than compensated for flat container volumes.
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News & Analysis
Data
Data
The Shanghai Containerized Freight Index saw further rate erosion in European lanes, pulling the overall SCFI index below the $1,000 per 20-foot container mark for the first time since February 2012, to $990.78.
Commentary
Commentary
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PeterTirschwell said: #Intermodal rail facility proposed for Duluth, already a major bulk export gateway via the Great Lakes @DuluthChamber http://t.co/3ZtxanFkfU
PeterTirschwell said: @mikeyhorse @AlixPartnersLLP Not until 2015 for sure but possibly longer if carriers keep ordering new, fuel efficient ships to cut costs
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Video
Steven Cernak, chief executive and port director of Port Everglades, and James Hertwig, president of Florida East Coast Railway, discuss their organizations’ recent performance, their partnership in a new intermodal container transfer facility, and the opportunities they see and projects they are pursuing for further growth.
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