The Jacksonville, Fla.-based asset-light provider of integrated transportation management solutions recorded earnings per share (EPS) of $1.01 for the quarter, surpassing the street consensus estimate and Q3 2016’s EPS of $0.86 per share.
U.S. imposes duties on Chinese aluminum foil imports
Hoping to prevent U.S. aluminum foil producers from being wrapped up by cheap Chinese imports, the Commerce Department announced that the United States will begin collecting preliminary antidumping duties on these imports from China.
Heartland’s profits tumble in Q3 2017
The North Liberty, Iowa-based trucking and logistics provider recorded a net income of $7.9 million on revenues of $182.1 million for the quarter, according to the company’s most recent financial statements.
Crowley, Air Menzies International partner on refrigerated airfreight services
Airfreight wholesaler Air Menzies International will utilize Crowley Logistics’ CrowleyFresh refrigerated warehouse as a consolidation center, while Crowley will also provide truck delivery and pre-screening services for export cargo.
U.S. Class I railway employment falls in September
Class I freight railroads in the United States employed 146,673 workers as of the middle of September 2017, a 0.44 percent decline month-over-month and a 3.81 percent decline year-over-year, according to data from the Surface Transportation Board (STB).
Greenbrier revenues drop 19% in FY2017
The Lake Oswego, Ore.-based railroad transportation equipment manufacturer’s revenues for its fiscal fourth quarter, ending Aug. 31, 2017, increased 39 percent from the previous quarter while fiscal year revenues dipped 19 percent from the year prior.
FMC reviews 9 OTI license applications
The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.
Container industry could see continued recovery, but only under certain conditions
In order for the current short-term bounceback in the container market to turn into a true recovery, carriers must stop ordering new larger vessels and continue high levels of ship scrapping, according to speakers at the 2017 IANA Intermodal Expo.
DSV earnings continue rising in Q3 2017
The Danish global transport and logistics provider posted profits of 826 million Danish krone (U.S. $128.5 million) on net revenues of DKK 4.1 billion for the quarter, year-over-year increases of 49 percent and 2.4 percent, respectively.