SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.
Port of Rotterdam posts 5.4% rise in throughput
The Port of Rotterdam posted a cargo throughput of 351.5 million tons for the first nine months of 2015, a year-over-year increase of 5.4 percent, driven primarily by the increase in the handling of crude oil and oil products.
J.B. Hunt reports higher third quarter profits
Total operating revenues dipped slightly at the trucking and logistics provider as fuel surcharge revenues fell and customer demand remained “tepid,” according to J.B. Hunt’s most recent financial statements.
St. Lawrence Seaway shipments drop 12% YTD
A total of 22 million metric tons of cargo have been shipped through the St. Lawrence Seaway between its opening April 2 and Sept. 30, a year-over-year drop of 12 percent.
Tulsa Port of Catoosa volumes fall in September
The port handled less cargo in September than in August, the result of the depletion of stocks for some agricultural commodities that are typically shipped through the port, lower demand from international markets, and less demand for steel and pipe.
Alliance Airport begins runway extension
Industrial real estate developer Hillwood Properties started a multi-year project to extend two runways and taxiway at the north end of the Fort Worth Alliance Airport in northeast Texas.
Kenco opens distribution center in Kalamazoo, Mich.
The Chattanooga, Tenn.-based logistics solutions provider opened a 300,000-square-foot distribution center in Kalamazoo, Mich.
Toll Global Forwarding opens two branches in Germany
The international freight forwarding and supply chain management solutions provider opened a freight forwarding branch in Munich, which became fully operational today, and will open a branch in Nuremberg, which will become operational Oct. 30.
Executive Moves: Suddath Cos. and Mersey Maritime
The Suddath Cos.’s CFO retires, while Mersey Maritime names new CEO.
Widdows: Carriers have ‘mindset problem’ about collaborating beyond port-to-port
The former NOL chief told the TPM Asia conference he expects transpacific rates to continue to drop in 2016. and carriers need to cooperate on landside operations to overcome structural challenges and low rates in the industry.