Non-asset based supply chain management provider CEVA Holdings LLC grew its adjusted earnings 13.8 percent to $272 million in 2015 despite revenues dropping 10.3 percent compared to the previous year.
U.S., Europe making ‘real progress’ in T-TIP talks
United States and European Union trade negotiators on Monday wrapped up another round of Transatlantic Trade and Investment Partnership talks in Brussels, citing progress with negotiating the “nitty-gritty” of the trade agreement.
BNSF continues to expand earnings in 2015
The Berkshire Hathaway-owned BNSF Railway Company reported net income of $4.92 billion in 2015, an 11.8 percent jump from the previous year, according to the company’s most recent financial statements.
Gulftainer shuffles C-level management
Flemming Dalgaard, a former DP World executive, has taken the reins at the United Arab Emirates-based global terminal operator from Peter Richards, will now become CEO of Gulftainer USA.
OEC Group takes over Ryder CRSA Logistics
Overseas Express Consolidators Canada Inc. has acquired Ryder CRSA Logistics in Canada and its overseas interests in Hong Kong and Shanghai.
Rotterdam port profits fall 1.7% in 2015
The Rotterdam port authority saw full-year profits dip despite growing revenues 2.6 percent to 677 million euros ($738.4 million) in 2015 on the strength of a 4.9 percent increase in cargo volumes.
COSCOCS integration officially underway
Chinese container carriers COSCON and China Shipping officially began a merger of the two companies today with the signing of a series of leasing contracts for containerships and containers.
ZIM launching service to Guyana, Suriname
The new feeder loop between the Caribbean and the North Atlantic Coast of South America will connect to the Israeli ocean carrier’s global service network through ZIM’s hub in Kingston, Jamaica.
Dachser opens in Minneapolis
Dachser USA Air & Sea Logistics has opened an office in the Minneapolis area to continue growing its Midwest footprint.
Damco expands in Vietnam
Maersk’s third-party logistics subsidiary has opened a larger logistics facility in Vietnam’s Binh Duong province “in preparation for the upcoming years of strong economic growth” in the country, the company said.