Shipments of limestone on the Great Lakes totaled 3.3 million tons in October, down 3.5 percent from a year prior, according to the Lake Carriers’ Association.
Cathay kicks off Portland freighter stop
Cathay Pacific Airways started a twice-weekly scheduled freighter service today to Oregon’s Portland International Airport.
IATA: Airfreight volumes soar in September
Airfreight volumes rose 6.1 percent in September from a year prior, coinciding with a rise in new export orders, and also possibly due to one-off factors such as Hanjin’s insolvency and the rushed replacement of Galaxy Note 7 devices.
Cloud Logistics enters partnership with Inolog
The transportation management system provider entered into a partnership with Inolog to begin serving the United Kingdom, Ireland and other regions in Europe.
Eimskip acquires Norwegian shipping company
The Icelandic ocean carrier has entered into an agreement to purchase asset-light transportation and logistics provider Nor Lines in an effort to broaden its value added service offerings, the company said in a statement.
Diana confirms scrapping of youngest containership ever
Athens, Greece-based containership lessor Diana Containerships has sold the 2006-built M/V Angeles, formerly on charter to Taiwanese ocean carrier Yang Ming, to an unnamed demolition yard for $6.69 million before commissions, the company has confirmed.
XPO turns second straight quarterly profit despite ‘mixed’ environment
The Greenwich, Conn.-based third-party logistics provider reported a net income of $13.8 million in the third quarter of 2016 compared with a $93.1 million loss in the same 2015 period, according to the company’s most recent financial statements.
OCEAN Alliance reveals details on planned services
COSCO, CMA CGM, Evergreen Line and Orient Overseas Container Line plan to deploy 350 containerships on 41 strings starting next April.
Roadrunner’s net income, revenues rise in Q3
Revenues for the third quarter of 2016 rose 7 percent year-over-year, which Roadrunner CEO Mark DiBlasi said was largely related to the company’s ground expedite business.
Appellate court upholds federal ELD mandate
The U.S. Court of Appeals for the Seventh Circuit in Chicago has ruled in favor of the Federal Motor Carrier Safety Administration’s proposed regulation that would require the use of electronic logging devices on all commercial trucks.