The international freight forwarder and third-party logistics provider recorded a boost in volumes for the quarter from a year prior as margins remained under pressure.
Navios Maritime Partners buys 14 Rickmers containerships
The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Port Manatee strengthens ties with Mexico, Colombia
Shipping line World Direct Shipping will continue bringing refrigerated produce and other goods into the Floridian Gulf Coast port from the Port of Coatzacoalcos in Veracruz while trade representatives from Colombia seek official trade ties with the port.
Report: Yang Ming stock trading suspended amid capital restructuring
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
Port of Everett breaks ground on new rail line
The construction of a new rail line to serve the Pacific Northwest seaport, scheduled for completion in November, will increase its current on-terminal rail footprint from 9,200 lineal feet to 12,500 lineal feet, the port authority said in a statement.
Truckload rate free fall hits 13th straight month
Truckload pricing slipped another 0.9 percent in March 2017 compared with the same month a year ago, the 13th consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
Maritime task force gives policy tips to Danish government
The task force, comprised of shipping CEOs and union reps, formalized 11 key policy goals to enhance the country’s maritime sector.
Goodman expands at Port of Hamburg
The logistics real estate owner will begin constructing a logistics center at the German port in May 2017.
Special Coverage: Navis thinks outside the terminal
Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the industry is behind in digitalization.
Commentary: Container chassis lease not a maritime contract
Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.