JaxPort and the Port of New Orleans have new truck-rail transfer facilities that are expected to make more attractive shipping options.
Ocean carriers shift services from Tacoma to Seattle
German ocean carriers Hamburg Sud and Hapag-Lloyd are shifting two of their services from one member of the Northwest Seaport Alliance to the other.
CSX posts 19% earnings drop in first quarter
The Jacksonville, Fla.-based railway posted net earnings of $356 million on revenues of $2.6 billion for the first quarter of 2016, year-over-year declines of 19 percent and 14 percent, respectively.
IMF warns of global stagnation as growth outlook cut again
The International Monetary Fund cut its 2016 expansion forecast to 3.2 percent as weak exports and slowing investment dim prospects in the U.S., a consumption-tax hike saps growth in Japan, and a slump in prices continues to hobble commodities producers.
Kerry Logistics ups stake in Indian logistics company
The Hong Kong-based logistics services provider entered into a memorandum of understanding to increase its stake in Indev Logistics Pvt. Ltd. from 30 percent to 50 percent.
China’s exports jump most in a year, boosting growth outlook
Overseas shipments rose 11.5 percent in dollar terms in March from a year earlier, compared with a 25 percent slump in February, when factories and offices were closed for a week-long holiday, data showed Wednesday.
Global PC shipments fall to lowest level since 2007
Worldwide personal-computer shipments dropped 9.6 percent in the first quarter of 2016, according to a recent report from market research firm Gartner Inc.
Air Canada establishes freighter service agreement with Cargojet Airways
Under the agreement, Air Canada Cargo will launch dedicated freighter services from Canada to Latin America and Europe with Cargojet-operated 767-300ER freighter aircraft.
England’s airports report March cargo throughput
During the month, London Heathrow Airport handled 131,661 metric tons of cargo, a 3.8 percent decline from March 2015.
Leschaco opens new office in Miami
The logistics services provider opened a new branch office in Miami, Fla. at the beginning of the month.