The international freight forwarding and logistics company recorded a consolidated net profit of 29.9 million Swiss francs (U.S. $31.4 million) for the first six months of 2017, up 37.2 percent from the corresponding 2016 period.
FMC shrinks controlled carrier list
The U.S. Federal Maritime Commission this week proposed to remove several container carriers from its so-called “controlled carrier” list, due to the fact they are no longer majority owned or fully controlled by foreign governments.
Marten Transport increases earnings, revenues in Q2 2017
The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded a net income of $9.1 million and operating revenues of $171.5 million for the quarter, up 7.2 percent and 3.3 percent year-over-year, respectively.
CSX, NC Ports commence Queen City Express intermodal service
The new intermodal rail service will feature double-stacked trains and will operate daily between the Port of Wilmington and Charlotte beginning July 28, said NC Ports.
PANYNJ approves $54m LaGuardia Airport runway project
Rehabilitation work on the 7,000-foot-long, 150-foot-wide runway is expected to take place during nightly airport closures and extended weekend closures to minimize the impact on operations, according to the Port Authority of New York and New Jersey.
Commentary: Indian shipping industry poised for explosive growth
Overall cargo traffic at India’s ports is currently on pace to reach 1,758 million metric tons (MMT) in 2017, a massive 67 percent increase from 1,052 MMT in 2015.
Four stowaways discovered in container at Port of Montreal
Four men, reportedly from the former Soviet republic of Georgia, were found Thursday in shipping container aboard the OOCL Montreal at the Canadian port, and officials are treating this as a case of illegal entry.
Tulsa Port of Catoosa monthly barge tonnage rises 24% in June
The inland Oklahoma multi-modal shipping complex handled a total of 1,325,816 tons of barge cargo for the month, according to recent data from the City of Tulsa-Rogers County Port Authority.
TRAC upgrades chassis booking portal
New EZBook 2.0 enhancements make booking a chassis easier and faster, and give users more control over the transaction, according to chassis lessor TRAC Intermodal.
Executive Moves: Port of Long Beach, GCT, BIFA and RSTAC
The Long Beach Board of Harbor Commissioners approves the appointment of the port’s managing director of finance and administration, GCT appoints new president and CEO, BIFA elects national chairman, and RSTAC names new member.