The global railcar lessor’s diluted earnings per share stood at $1.44 for Q1 2017, down from Q1 2016, but still surpassing analyst expectations thanks to higher-than-expected gains on railcar sales.
YM confirms shares suspended on Taiwan Stock Exchange
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
BWR: Norfolk reaps most benefit from Asia-U.S. East Coast alliance services
BlueWater Reporting illustrated the ports of Norfolk and Savannah rank as the top two U.S. East Coast ports for alliance services deploying capacity from Asia.
Somali pirate incidents on the rise
Tom Waldhauser, head of the U.S. military’s Africa Command, attributed the rise in piracy off the coast of Somalia to famine and drought within the country.
Toyota to test hydrogen-powered drayage truck
With a range of 200 miles, the drayage truck will operate from the ports of Los Angeles and Long beach to local warehouses.
Special Coverage: Physical asset tracking in container logistics gains renewed interest
Falling costs and the value of data are spurring renewed interest in physical asset tracking in container logistics.
Intermodal rate growth continues in March
Intermodal pricing increased 4.8 percent for the month compared with the same 2016 period, just the six year-over-year increase since December 2014 and the second largest since January 2012, according to the latest Cass Intermodal Price Index.
Report: Chinese shipyards see new orders plummet
Newbuild orders for shipyards in China dropped 25.4 percent year-over-year to 5.54 million deadweight tons in the first quarter of 2017 amid continued weakness in demand, according to a recent report from the China Association of the National Shipbuild…
Werner Q1 2017 profits fall despite increased revenues
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.
PwC: Logistics M&A activity slows in Q1 2017
Total deal value in the transportation and logistics industry for the quarter dropped 38 percent despite deal volume growing 26 percent percent compared with the same 2016 period, according to a new report from PricewaterhouseCoopers.