The Montreal, Quebec-based supply chain solutions provider saw net profits jump 63.5 percent from the prior year period to $888,000 Canadian as revenues grew 11.5 percent to C$17.4 million, according to the company’s most recent financial statements.
Virgin to expand airfreight service to the U.S.
Virgin Atlantic Cargo is launching a new daily freighter service from London to Seattle, and additional flights from Manchester to the United States in 2017.
Port of Rotterdam, Kramer Group ink deal for reefer service center
The service center will be located at the former City Terminal in the Port of Rotterdam’s Eemhaven area.
Executive Moves: IAG Cargo, INTTRA and ATA
IAG Cargo appoints chief financial officer, while INTTRA hires president of Asia Pacific, and American Trucking Associations elects general chairman and treasurer of its Technology & Maintenance Council.
DCLI acquires chassis fleet from NYK
The deal is increasing Direct ChassisLink’s fleet of owned, leased and managed chassis to approximately 133,000.
Hapag-Lloyd’s revenues, earnings tumble in 2016
A significantly lower average freight rate drove Hapag-Lloyd’s revenues down 12.5 percent year-over-year in 2016 to 7.7 billion euros.
China Airlines taps WFS for cargo handling in Chicago
Under the newly expanded contract, Worldwide Flight Services will handle up to seven direct flights a week connecting Chicago O’Hare International Airport with Taipei and an estimated 56 million kilos in cargo annually, according to a statement from WFS.
AASHTO urges Congress to fix ‘broken’ Highway Trust Fund
The primary federal funding mechanism for transportation infrastructure projects will run out of money once the FAST Act expires in 2020, according to Bud Wright, executive director of the American Association of State Highway and Transportation Offici…
Carriers express opposition to FMC on detention and demurrage petition
The World Shipping Council has warned of unintended consequences that would be detrimental to shippers if a rule was adopted that would limit situations in which detention and demurrage may be collected.
XPO’s Jacobs: Teamsters ‘out of control’
XPO Logistics CEO Brad Jacobs commented on the contentious relationship between the union and his company after Teamster-affiliated protesters burst into one of the morning sessions at JOC’s TPM Conference in Long Beach, Calif.