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GATX posts drop in Q1 earnings despite beating expectations

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.

Shipping NewsPosted on: April 24, 2017

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.

Shipping NewsPosted on: April 24, 2017

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.

Shipping NewsPosted on: April 24, 2017

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.

Shipping NewsPosted on: April 24, 2017

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.

Shipping NewsPosted on: April 24, 2017

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.

Shipping NewsPosted on: April 24, 2017

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.

Shipping NewsPosted on: April 21, 2017

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…

Shipping NewsPosted on: April 21, 2017

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.

Shipping NewsPosted on: April 21, 2017

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.

Shipping NewsPosted on: April 21, 2017

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  • Gemini Shippers joins coalition seeking suspension of detention and demurrage charges
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Fashion Accessories Shippers Association

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