International Logistics

Damco posted a $19 million profit in 2015, reversing a 2014 loss of $293 million in what Maersk Group CEO Nils Andersen called “an early sign” that the forwarder’s two-year turnaround program is working.

Amazon’s ambitions to take more control of its container shipping have become more apparent after the e-commerce giant filed an application with the Shanghai Shipping Exchange to be forwarder on 12 major routes and a 2013 internal proposal reveals its vision for a global delivery network.

A new retail services division and steady automotive demand helped push Pilot Freight revenue higher last year despite falling fuel surcharges and a sluggish economy.

XPO Logistics will not sell its truckload division, but use the former Con-way Truckload to increase its U.S.-Mexico cross-border business.

Container lines, at least in the U.S., are starting to take forceful action to prepare for the Safety of Life at Sea, or SOLAS, weight verification rule.

Dole’s deployment of the Dole Pacific on regular service between California and Latin America is the latest sign of how refrigerated ship operators are turning increasingly to container ships from traditional break bulk vessels.

Nippon Express Co., Japan’s largest international freight forwarder, saw its net profit rise at a double-digit pace in the first nine months of the fiscal year ending in March despite paltry revenue growth.

Gateway Distriparks Ltd., India’s leading port-based logistics provider, recorded a 43 percent fall in its net earnings during the third fiscal quarter, hit by slowing container volumes resulting from sluggish demand and supply chain disruptions caused by foul weather in Chennai in early December.

Tight cost controls coupled with low fuel prices helped trucking giant Transport Corporation of India post healthy results in the third fiscal quarter, according to a company filing with the Bombay Stock Exchange.

Singapore Post’s steady expansion into e-commerce and logistics lifted the company’s nine-month net profit by almost 18 percent to $101.9 million from April through October, with 40 percent of the revenue coming from overseas.