The Overland Park, Kan.-based less-than-truckload holding company more than doubled its full-year operating income in 2015, despite a $28.7 million settlement charge that resulted in a net loss for the fourth quarter.
DSV begins UTi Worldwide layoffs
The Danish supply chain specialist has begun a review of “synergies” and “redundancies” following the close of its $1.35 billion acquisition of struggling third-party logistics provider UTi Worldwide.
HHLA sees revenues, EBIT drop in 2015
The logistics provider and container terminal operator primarily attributed the declines in revenues and EBIT to the economic crisis in Russia and the Ukraine, the slowdown in economic growth in China and ongoing restrictions in the area of infrastruct…
U.S. investigates off-the-road tire imports for dumping
The Commerce Department has initiated antidumping and countervailing duty investigations into imports off-the-road tires from China, India and Sri Lanka.
Port of Thunder Bay boosts grain exports in 2015
Ocean vessels alone directly exported over 2.1 million metric tons of grain to international ports during the year, 80 percent more than the five-year average for the Lake Superior port.
Executive Moves: Tradepoint Atlantic and Breakthrough Fuel
Tradepoint Atlantic appoints manager of short-line railroad, while Breakthrough Fuel names VP of technology.
Sanders, Clinton compete for anti-TPP votes
During the Democratic debate last night, the two presidential candidates decried the Trans-Pacific Partnership trade agreement for not protecting American workers from unfair foreign competition.
12 member nations sign TPP
The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam at a meeting in Auckland on Wednesday signed the Trans-Pacific Partnership agreement.
Carmichael, former highway and rail official, dies at 88
Gilbert “Gil” Ellzey Carmichael, who held presidential-appointed transportation administration posts in the 1970s, died Jan. 31 at his home in Meridian, Miss.
Three Class I railways to miss 2018 PTC deadline
CSX Transportation, Norfolk Southern Railway and Canadian National Railway, along with a handful of passenger railroads, will need until 2020 to implement positive train control, according to the Federal Railroad Administration.