The Memphis, Tenn.-based integrator posted a net income of $596 million for the first quarter of its fiscal year 2018, a 16 percent decrease compared to the same period a year prior, citing substantial losses from the June NotPetya attack on TNT Express.
Maersk to sell oil tanker unit to A.P. Moller Holding
A.P. Moller-Maersk has made another move to free up resources in order to focus future growth on container shipping, ports and logistics by signing an agreement Wednesday to sell Maersk Tankers to APMH Invest, a subsidiary of A.P. Moller Holding.
ClearMetal snags $9m in investment funding
Eric Schmidt, executive chairman of Google parent Alphabet, is among the investors in the Series A funding round for predictive logistics company ClearMetal, which is already working with freight forwarder Panalpina and ocean carrier NileDutch.
NYK Group joins partnership for onboard IoT platform
The Japanese shipping group will collaborate with Dualog and NTT Group on a vessel platform proposal that is currently being validated with ship information systems (SIMS) data, the companies announced.
Container volumes on the rise at NWSA ports
In August, combined full imports at the Northwest Seaport Alliance (NWSA) ports of Seattle and Tacoma reached their highest level since 2010, increasing to 119,529 TEUs, a 1 percent increase from last year, according to NWSA data.
FedEx seeks Cuba service extension
The parcel and express carrier has requested a second air cargo service extension from the U.S. Department of Transportation, citing “continued operational challenges in the Cuban market.”
SGRR breaks ground on Texas common carrier railroad
Short-line Southwest Gulf Railroad company will build a nine-mile common carrier rail line that will connect with the Union Pacific and BNSF railroads west of San Antonio by 2019.
NPPC requests ELD waiver for livestock industry
The National Pork Producers Council has requested a waiver and limited exemption for the nation’s pork industry and other livestock sectors from the electronic logging device mandate scheduled to take effect on Dec. 18.
Stakeholders air issues with CAAP, proposed update
Representatives from the Pacific Merchant Shipping Association and Harbor Trucking Association aired their grievances with the Clean Air Action Plan (CAAP) in the ports of Los Angeles and Long Beach at the 2017 IANA Intermodal Conference on Sept. 18.
CSX’s Piacente: ‘We’re happy with the changes that we made’
CSX Intermodal Vice President Dean Piacente explained how the Jacksonville, Fla.-based railroad came to suffer through the well-known service interruptions that plagued it during in the weeks and months leading up to Hurricane Irma.