The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.35 Canadian payable April 25 to shareholders of common stock.
ATA: Truck tonnage index slips 1.4% in January
The seasonally adjusted For-Hire Truck Tonnage Index for January 2016 equaled 132.8, down from 134.7 in December but flat compared with January 2015, according to the American Trucking Associations.
Matson bucks market trend, posts ‘best year’ in company history
Despite a down year in ocean shipping markets, profits at Hawaii-based Matson jumped 46 percent year-over-year to $103 million in 2015 following the carrier’s expansion into the Alaska trade.
ICAO lithium battery ban on passenger planes set for April 1
The International Civil Aviation Organization, an arm of the United Nations, has issued an interim rule to member nations prohibiting the carriage of lithium-ion batteries as cargo on passenger planes.
FIATA: Lack of carrier coordination on SOLAS ‘alarming’
The International Federation of Freight Forwarders Association called on ocean carriers to provide clarity to shippers and forwarders about how to receive container weight verification documentation under the new IMO requirements.
Hapag-Lloyd earnings soar following CSAV merger
The German ocean carrier’s revenues increased from 6.8 billion euros in 2014 to 8.8 billion euros in 2015, primarily due to its merger with the container business of Chilean carrier CSAV in December 2014.
Carriers terminate Asia-Red Sea container service
Ocean carriers CMA CGM, UASC, Hanjin and CSCL will terminate their jointly operated REX3/ARC2 loop between China, Malaysia and the Red Sea.
DOT seeks members for work group on port performance
The United States Department of Transportation is under a mandate to develop statistics measuring port productivity and creating a working group to provide advice.
Port Hueneme harbor deepening moves closer to start
The Hueneme port authority is set to sign a partnership agreement with the U.S. Army Corps of Engineers that will finalize engineering reviews and set the stage for dredging to begin.
Freight forwarder network to use CargoSmart on-demand services
The shipment management solutions company will provide BuyCo For Growth, a network of 30 global forwarders, with cloud-based schedule, rate and execution tools.