Despite surpassing analyst projections, C.H. Robinson’s earnings per share for the quarter were still lower than in Q4 2015, but revenues increased 6.4 percent year-over-year due to volumes growth across all services.
Reuters: Maersk mulls sale of Brazil energy business
Danish shipping conglomerate A.P. Møller-Maersk A.S. is considering divesting its oil and gas assets in Brazil following the company’s decision last fall to split into two separate divisions, one focusing on transportation and the other on energy.
Executive Moves: USA Truck, Hansa Heavy and FourKites
USA Truck names new chief executive officer and chief commercial officer, while Hansa Heavy Lift appoints managing directors and FourKites hires chief revenue officer.
Port of Long Beach highlights financial strength, flexibility
Bond rating agency Moody’s Investors Services said the sale of Hanjin’s interest in Pier T, which accounts for 30 percent of the port’s revenue, is “credit positive.”
California cigarette smuggler pleads guilty
The Justice Department said a Los Angeles man pleaded guilty this week to illegally importing thousands of cartons of Chinese cigarettes into the United States.
OIA Global acquires American Cargo Express
Logistics services provider OIA Global has acquired Union, N.J.-based freight forwarder American Cargo Express, with the expectation of increasing its presence in the Canadian market.
CMA CGM prepares for new sulfur regulations by inking deal with Total
France’s Total, the world’s fourth largest oil and gas company, will become a multi-fuel supplier for CMA CGM.
ARC adds 8th U.S.-flag ro-ro ship to fleet
American Roll-on Roll-off Carrier Group has brought the vessel Liberty into the American registry, making it the eighth U.S.-flag roll-on/roll-off ship in its fleet.
CargoNet reports theft trends for 2016
Although reported cargo thefts in California drastically increased from 2015 to 2016, logged incidents in Georgia were on the decline.
Senate approves Chao as Transportation secretary
The U.S. Senate on Tuesday confirmed presidential nominee Elaine Chao, a former deputy secretary of transportation and secretary of labor, as secretary of the Department of Transportation by a vote of 93-6.