The South Carolina Ports Authority will also welcome the largest vessel to ever transit the Panama Canal, the 13,092-TEU COSCO Development, when it calls at the Port of Charleston next week.
IAG Cargo adds new airline brand
International Airlines Group subsidiary IAG Cargo saw revenues slip 2.3 percent year-over-year to 256 million euros (U.S. $278.7 million) in the first quarter of 2017, despite growing cargo volumes 3.6 percent compared with the same 2016 period.
LLamasoft lands new investment from TPG
The private equity group, which last year invested in TMS provider Transporeon, has sunk an undisclosed sum into the supply chain design software company.
Antonov Airlines sets sights on overseas expansion
Ukrainian heavy-lift air carrier Antonov Airlines is preparing its aircraft fleet and expanding cargo sales for future operations in the United States and Hong Kong, the company said.
Werner to implement MacroPoint’s visibility platform
The Omaha, Neb. transportation and logistics services provider will integrate MacroPoint’s visibility platform into its greater North American logistics solutions offerings.
BNSF picks up steam in Q1
The Berkshire Hathaway-owned Class I railway increased net revenues 8.8 percent year-over-year during the quarter, reflecting higher volumes and average revenue per car/unit.
ATSG’s net earnings, revenues soar in Q1
The aircraft leasing and air cargo transportation provider reported net earnings of $10 million on revenues of $237.9 million for the first quarter of 2017.
DP World inks MoU with India’s National Investment and Infrastructure Fund
The agreement will enable the global port terminal operator to invest in and develop India’s maritime infrastructure and economic trade zones over the next several years, DP World said in a statement.
Big containerships arrive on both coasts
Both the Port of Vancouver in British Columbia and the Virginia Port Authority have hosted record-size container vessels at their terminals in recent days.
European Commission approves Toyota-Vanderlande deal
The European Commission has given the green light for the acquisition of the Netherlands-based Vanderlande by Toyota Group subsidiary Toyota Industries Corp., less than two months after the agreement was announced.