Warren T. Burns, a partner at the Dallas-based law firm Burns Charest, which has represented shippers, said the decision was inconsistent with the position taken by the Federal Maritime Commission and U.S. Department of Justice.
J.B. Hunt boosts earnings in 2016
The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
OOCL parent rejects bid rumors
Orient Overseas Container Line’s parent company said it is not aware or involved in any bid relating to the company or OOCL.
Commentary: Shippers can form alliances too
Now that the European Shippers’ Council (ESC) has rejoined the Global Shippers’ Forum, ESC Chairman Denis Choumert is hopeful the Asian Shippers’ Association and other Asian shipper groups will work with the forum to address concerns.
FourKites expands platform with addition of rail tracking
The freight visibility software provider said it will be aggressively pursuing plans through 2017 to introduce support for additional modes of transportation.
Ridgemont to merge Worldwide Express, Unishippers
Investment firm Ridgemont Equity Partners will purchase third-party logistics provider Worldwide Express and merge it with portfolio company and fellow 3PL Unishippers Global Logistics to create a new firm called Worldwide Express Global Logistics.
Drewry expresses concern over Yang Ming’s high debt
Yang Ming responded by saying it has unwavering support of Taiwan’s government and has “proactively reorganized internally to effectively reduce its operating costs.”
Executive Moves: DHL, FourKites, GAC and Centiro
DHL Global Forwarding appoints head of operations in Hong Kong and Macau, while FourKites adds to management team, GAC announces new C-level appointments, and Centiro names vice president of sales and operations for North America.
GTKonnect purchases ECCNSelect
Global trade management solutions provider GTKonnect has acquired ECCNSelect software and its patented technology platform for ECCN determination and management.
CP earnings on track in 2016 as Harrison exits early
Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad CSX as his next move.