IAG Cargo posted revenues of 1.02 billion euros for 2016, a 6.6 percent drop from 2015.
GPA experiences busiest month ever in January
The Georgia Ports Authority handled 3 million tons of cargo in January, with bulk cargo at the Port of Brunswick more than doubling January 2016 figures.
U.S. Class I railway employment continues to fall in January
Railway employment levels in the United States have now fallen in 19 of the last 21 months, according to recent data from the U.S. Surface Transportation Board.
Report: SM Shipping to commence intra-Asia loop in March
The recently formed container carrier subsidiary of South Korea’s Samra Midas Group will launch a service between Busan and ports in China, Thailand and Vietnam in advance of a full transpacific offering in April.
Executive Moves: Redwood Logistics, Reading & Northern Railroad, Port of New Orleans and CenterPoint
Redwood Logistics names senior vice president of strategic sales, while Reading & Northern Railroad hires SVP of coal, Port of New Orleans adds a board member and CenterPoint Properties appoints marketing director.
Indian authorities release Chinese cargo vessel
Chinese general cargo vessel Union Demeter has been held at India’s Haldia Port for nearly 50 days for owing bunkering fees.
Expeditors increases volumes, revenues in Q4 2016
However, the Seattle-based global logistics company’s net earnings attributable to shareholders slipped 3 percent year-over-year during the quarter to $110.6 million.
Chemical tanker engineers convicted in pollution case
The Justice Department said a federal jury in Charleston, S.C. on Wednesday convicted two chief engineers of the vessel Green Sky of falsifying documents to conceal illegal discharges of oily bilge waste and obstruction charges.
TRAC Intermodal introduces pool of premium chassis
The chassis leasing company will roll out TRAC Select in 20 locations across the United States.
Uber, Otto sued for alleged theft of self-driving tech
Waymo, the automated vehicle subsidiary of Google parent Alphabet, has filed a lawsuit against Uber, alleging intellectual property theft and patent infringement by the co-founder of its recently purchased self-driving technology provider Otto.