Truckload, intermodal and logistics provider Schneider National reported a net income of $36.9 million for the third quarter of 2017, up 0.2 percent compared to the same period in 2016, according to the company’s latest financial statements.
MOL tests AI to estimate vessel speed, fuel consumption at sea
The project is a part of an initiative to assess the effectiveness of artificial intelligence technology, and aims to reduce fuel consumption and vessels’ environmental impact by verifying the technology’s accuracy, according to the Japanese ocean carrier.
Executive Moves: Navis and OmniTRAX
Navis appoints general manager for Europe, the Middle East and Africa; and OmniTRAX names executive vice president, industrial development group.
PANYNJ proposes $3.2b budget for 2018
The Port Authority of New York and New Jersey (PANYNJ) is projecting a surplus of revenues after operating expenses and debt service of $1.5 billion for next year, which would be up $12 million (0.8 percent) from 2017 levels.
AS Report: Less than 10% of shippers confident in analytics data accuracy
Only 27 percent of shippers and 42 percent of service providers have an in-house data science team, which can limit the effectiveness of analytics initiatives, according to the latest Supply Chain Analytics Benchmark Study from American Shipper.
Port of Virginia box volumes set all-time monthly record in October
The total volumes included 127,000 import TEUs and nearly 139,000 export container loads, growth of more than 11 percent compared with the same month last year, according to data from the Port of Virginia.
Drewry: Global chemical trade to rise 3.3% this year
London-based shipping consultant Drewry estimates that the global chemical trade will increase 3.3 percent in 2017 due to strong growth in vegetable oil trade from Southeast Asia to South Asia.
Dachser USA to relocate, expand Dallas office
The U.S. subsidiary of Germany-based Dachser SE has outgrown its original Dallas office and will be relocating in order to meet the increasing demand for air and sea freight services in the region, the company said in a statement.
Spurned TPP members press ahead with Pacific Rim trade agreement
Japan is leading the effort to foster an new free trade agreement among the remaining 11 members of the Trans-Pacific Partnership (TPP) at APEC talks this week following the withdrawal of the United States back in January.
Customs brokers urge Congress to renew GSP before expiration
The National Customs Brokers and Forwarders Association of America (NCBFAA) is asking Capitol Hill lawmakers to renew a trade preference program that allows for duty-free imports of certain goods into the United States before its year-end expiration.