After falling in 19 of the previous 21 months, railway employment levels in the United States ticked up for two consecutive months in February and March 2017, according to recent data from the U.S. Surface Transportation Board.
Catapult strikes deal with 7LFreight
7LFreight will provide a feed of general air and ground market data to Catapult, and Catapult will provide 7LFreight’s customer base access to its ocean rate managed services offering.
U.S. oil, gas equipment exports to rise
The Commerce Department’s International Trade Administration projected that rising oil and gas prices worldwide will spur an increase in U.S. oil and gas equipment exports during the next four years.
Furniture importer pays fine for duty evasion
The U.S. Justice Department on Monday said Import Merchandising Concepts and two individuals agreed to pay $275,000 to resolve allegations that the company evaded customs duties on imports of wooden bedroom furniture from China.
Commentary: Air cargo’s re-emergence?
E-commerce growth and continued developments in specialized markets like the pharmaceutical industry will only serve to bolster air cargo growth, according to Alexandre de Juniac, director general at the International Air Transport Association.
FourKites partners with BluJay Solutions
The partnership is bringing together BluJay’s transportation management solutions with FourKites’ real-time freight visibility and orchestration platform.
Hub Group earnings tumble 42% in Q1
The Oak Brook, Ill.-based multi-modal transportation management company posted net income of $10.3 million for the quarter compared with nearly $18 million in the same 2016 period despite revenues growing 10.9 percent to $893.4 million.
Daseke to merge with fellow open-deck truck operators
The largest owner of open-deck transportation equipment in North America will acquire open-deck specialists The Schilli Cos., headquartered in Indiana, and Winnipeg, Canada-based Big Freight Systems as part of Daseke’s North American expansion plans.
Maersk to take delivery of 27 ships within next two years
The world’s largest container carrier said its orderbook amounts to about 11 percent of its current capacity, but with scrapping and redelivery of chartered ships, it expects to grow in line with main competitors.
COSCO SHIPPING Holdings posts $39m profit in Q1
During the quarter, COSCO SHIPPING Holdings Co., Ltd. reported a higher net profit, revenues and volumes compared to the corresponding 2016 period.