The Hong Kong-based third-party logistics provider increased net profit 1 percent to $548 million Hong Kong (U.S. $70.7 million) compared with the first half of 2015 as revenues grew 3 percent to HK$10.46 billion.
Ports of Auckland sees profit increase, revenues fall
Despite challenges from less iron sand exports and the ongoing challenges the container industry has been experiencing due to ship construction outstripping trade growth, the Ports of Auckland saw net profit after tax drastically increase.
FMC reviews 9 OTI license applications
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
Executive Moves: INTTRA and Agility
Ocean shipping e-commerce platform INTTRA appoints new chief technology officer, while integrated logistics provider Agility names managing director for Malaysia.
CitySprint: Nearly half of UK SMEs expect no disruption from Brexit
A survey from same day delivery company CitySprint revealed 47 percent of small and medium enterprises in the United Kingdom do not anticipate any disruptive impact from the Brexit, but SMEs in London aren’t quite as confident.
FWI: Cargo theft on the rise in EMEA region
A total of 339 cargo thefts were reported in the Europe, Middle East and Africa region during the second quarter of 2016, 129 of which occurred in the United Kingdom.
Commentary: Is transit time still a service differentiator?
Price, port coverage, and transit times are traditionally the primary determinants in choosing a container carrier or service loop, but with vessels stopping at fewer ports and sailing slower than ever before, it’s fair to wonder if this is still the c…
No end in sight for intermodal rate decline
Intermodal pricing in July dropped for 19th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the trend to continue through the rest of the year.
Truckload rates fall for fifth straight month in July
Truckload pricing dipped another 1.6 percent in July 2016 compared to the same 2015 period, the fifth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
AAR continues to rail against two-person crew rule
The Association of American Railroads has submitted comments to the Federal Railroad Administration in response to a July 15 public hearing, once again urging the administration to withdraw its proposed mandate for two-person crews on railroads.