Major freight railroads in the United States employed 152,426 workers as of the middle of June 2016, down 0.2 percent from the previous month and 11.55 percent year-over-year, according to data from the Surface Transportation Board.
Landstar earnings tumble in Q2, first half 2016
Asset-light third-party logistics provider Landstar System posted a net income of $61.5 million on $1.49 billion in revenues for the first half of 2016, decreases of 12.8 percent and 8.8 percent, respectively, compared with the same 2015 period.
Containership damaged transiting expanded Panama Canal
The 8,530-TEU CSCL container vessel Xin Fei Zhou scraped its side against the wall of one of the recently inaugurated locks of the important Central American waterway, according to a report from the Associated Press.
GRI Roundup: Maersk, CMA CGM, Hapag-Lloyd, OOCL and MOL
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, OOCL and MOL issued rate increases on various trades.
TMS takes Aaron’s from ‘primitive’ to modern state
The nationwide lease-to-own retailer started using Cloud Logistics’ transportation management system over a year ago due to its network complexity, and has reaped the benefits of reporting tools and faster tendering.
OOCL’s volumes rise, revenues sink
The Hong Kong-based container carrier transported 1.5 million TEUs in the second quarter of 2016 on revenues of $1.1 billion.
Baltic Exchange takes another step toward merger with SGX
The Baltic Exchange, which publishes indexes for the dry bulk shipping and tanker industries, sent an agreement to its 48 shipbroking panelists asking them to sign the agreement, which would facilitate the finalization of an offer by the SGX.
GPA approves $19.7m spending package for inland port
The intermodal center, which is scheduled to commence operations in the late summer of 2018, will enable shippers from surrounding states to more easily reach the Port of Savannah by rail instead of truck, the Georgia Ports Authority said.
U.S. duties near for cold-rolled steel imports
The U.S. Commerce Department made its affirmative final determinations in the antidumping and countervailing duty investigations of imports of certain cold-rolled steel flat products from several nations.
Korea Airlines may raise additional funds for Hanjin
South Korean ocean carrier Hanjin is required to submit a plan for raising 1.1 trillion won to Korea Development Bank by the end of the month.