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.
Echo Global Logistics revenue and net revenue in fourth quarter rose on the the company’s recent acquisition of Command Transportation, but related integration costs dragged down profit by double digits.
Ukraine is slashing tariffs on container cargo transportation by 60 percent in an effort to attract more volume from China to the European Union, according PJSC Ukrzaliznytsia, Ukraine, the country’s largest railroad.
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.
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.
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 precipitous drop in Russia’s container traffic last year due to its slowing economy and Western sanctions has created a shortage of containers estimated at 400,000 for Moscow shipping companies, and it could continue to grow.
Paris-listed Bolloré Group was selected to build and operate a new $424 million port close to Dili, capital of Timor-Leste.
UPS surmounted peak-season challenges to deliver 692 million packages in its busiest season — a 7 percent increase from the previous year. Big Brown said it expects higher revenue, profits and volumes in 2016, as e-commerce keeps growing.
Nearly 400 third-party logistics providers are listed in this directory, which is managed by industry research and consul