Omaha, Neb.-based trucking operator and logistics provider Werner Enterprises saw its fourth quarter and full-year net income spike 547 percent and 156 percent, respectively, thanks in part to a $110.5 million reduction in income tax expenses.
Port of Barcelona sets cargo volume records in 2017
The Mediterranean seaport saw container volumes and total cargo traffic jump 32.3 percent and 26 percent, respectively, from 2016 levels.
North American freight market growth accelerates in December
Shipment volumes for the month slipped 0.3 percent from November, but were up 7.2 percent compared with December 2016, while expenditures were up 0.3 percent sequentially and 16 percent year-over-year, according to the latest Cass Freight Index Report.
MSC slashes transit times on Europe-U.S. East Coast trade
Faster transit times on the trade will be achieved on Mediterranean Shipping Co.’s revised MedUSEC and MEDGULF loops starting in March, according to the Geneva, Switzerland-based ocean carrier.
Thousands of U.S. bridges over troubled water
At the existing pace of bridge repair and replacement work, it will take 37 years to remedy all the nation’s current structurally deficient bridges, according to a report released by the American Road & Transportation Builders Association.
CMA CGM launches international startup incubator
The French conglomerate said its startup incubator, dubbed Ze Box, will house and facilitate the digitalization initiatives already put forth by the company.
Executive Moves: UPS, Union Pacific and CFI
UPS chief commercial officer retires; Union Pacific names western regional vice president; and CFI promotes new president, and hires senior vice president of sales and operations.
Hapag-Lloyd recycles seven containerships
The German ocean carrier has announced that seven, 4,101-TEU containerships will be recycled in an “eco-friendly manner.”
Spectra Logistics opens new container yard in Sri Lanka
Construction on the 30,000-square-meter container yard began last year, and the next phase, which includes a distribution center, will be completed in June.
CBP’s modernization of port of entry revenue collection
U.S. Customs and Border Protection is transforming revenue collection at ports of entry from hard currency and paper check, to online and electronic options through its Revenue Modernization Program.