The air cargo services provider reported an income from continuing operations, net of taxes, of $39 million compared with the $20.9 million in the same period in 2016.
Saudi Aramco awards marine complex development contract
Saudi Archirodon Co and Huta Hegerfeld AG Saudia Co have been awarded a contract for dredging, reclamation and marine structures at the King Salman International Complex for Marine Industries in Saudi Arabia.
E-commerce exec pleads guilty to price-fixing
Azim Makanojiva, president of e-commerce firm Zaappaaz, pleaded guilty to a one-count criminal violation of the Sherman Act for allegedly conspiring to fix prices for customized promotional products sold online to customers.
CargoLogicAir starts U.K.-Mexico flights
British all-cargo airline CargoLogicAir on Aug. 19 will begin twice-weekly Boeing 747-400 freighter flights between London Stansted Airport and Mexico City.
Shippers’ Law: Contained losses
A U.S. district court has upheld the decision of the American Club to deny coverage to TransAtlantic Lines over costs associated with a suit resulting from lost cargo, ruling the association’s international deliberations were legally binding.
Executive Moves: Port of Long Beach and Virgin Atlantic Cargo
The Port of Long Beach gains new communications director, and Virgin Atlantic Cargo hires an account manager in Melbourne.
Former POLB exec Slangerup aims to help shippers, one supply chain at a time
Jon Slangerup, the former executive director at the Port of Long Beach, is now leading the charge at Atlanta-based American Global Logistics, a cloud-based technology provider focusing on customized and proprietary fourth-party logistics (4PL) technology.
OOIL back in black in first half 2017
With the start of new mega alliances and a bid for the company by Chinese conglomerate COSCO Shipping, Chairman C.C. Tung said a combined group would have the best chance at survival.
Port of Oakland sells bonds to lower debt costs
The Northern California port’s $324 million refinancing will save $44 million in debt service payments over 13 years, thanks to the current favorable interest rate environment, the port said Monday.
Atlantic Coastal to launch new cabotage, feeder services
The first sailings of the Miami-based ocean carrier’s new services are targeted for mid-late November, according to Atlantic Coastal Shipping President and CEO Armando Bustillo.