The Jacksonville, Fla.-based Class I railroad’s newly appointed chief operating officer, James Foote, previously worked for Canadian National Railway with current CSX chief executive officer E. Hunter Harrison.
Norfolk Southern earnings rise 10% in Q3 2017
The increase in net income at the Norfolk, Va.-based Class I railroad was driven primarily by an 11 percent rise in income from railway operations, according to Norfolk Southern’s most recent financial statements.
Report: CMA CGM acquires two 6,500-TEU vessels
The French ocean carrier will purchase the containerships from Hansa Treuhand with a price tag that is 87 percent less than what they originally cost in 2008, according to multiple media sources.
Commerce finds steel wire rod dumped on U.S. market
The Commerce Department has preliminarily determined that steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine and the United Kingdom are being dumped on the U.S. market and will begin imposing duties on those imports.
ODFL net income, revenues soar in Q3
Less-than-truckload (LTL) carrier Old Dominion Freight Line ended the third quarter of 2017 with double-digit percentage increases in net income, revenues and diluted earnings per share, according to the company’s most recent financial statements.
LoadExpress expands freight matching platform
The integrated freight matching and transportation execution platform that originally launched for carriers and shippers has expanded to include third-party logistics providers (3PLs) and brokers.
Pilot launches new ground, air cargo transport offerings to Mexico
The transportation and logistics service provider will consolidate and ship cargo via its Dallas/Fort Worth and Los Angeles gateways into Mexico for a faster, more efficient cargo service, Pilot Freight Services said in a statement.
Logistically to use SMC3 rate, transit time tools
Cloud-based TMS provider Logistically will integrate the less-than-truckload (LTL) technology provider SMC3’s RateWare XL and CarrierConnect XL products for its broker and shipper users.
XPO CEO to receive intermodal industry award
In addition to Brad Jacobs, CEO of trucking and roll-up third-party provider XPO Logistics, the Containerization & Intermodal Institute (CII) will also recognize the Port Authority of NY & NJ for the raising of the Bayonne Bridge at the 2017 Connie Awards.
Executive Moves: CargoLogicAir, TIACA and Intelligent Transportation Society of America
CargoLogicAir appoints new CEO, while TIACA names chairman and vice chairman, and the Intelligent Transportation Society of America appoints new president and CEO.