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.
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.