The logistics provider will expand its presence into Mexico via its subsidiary, BNSF Railway Servicios de Logistica, located in Queretaro, Mexico.
K + N posts Q1 2017 financial results
The Swiss-based third-party logistics provider’s net turnover for the quarter rose 7.2 percent from the corresponding 2016 period, while the seafreight and airfreight segments experienced a boost in volumes.
iContainers opens Dominican Republic office
The digital freight forwarder is scheduled to open more offices in South America later this year.
‘THE’ Alliance transatlantic loop calls Port of Philadelphia
The weekly AL1 service, operated by “THE” Alliance, made its first call to the Packer Avenue Marine Terminal Wednesday with the 4,600-TEU YM Essence.
CSX Q1 2017 profits flat despite increased revenues
The Jacksonville, Fla.-based Class I railway saw net earnings tick up 1.6 percent to $362 million for the quarter even as revenues jumped 9.6 percent to $2.87 billion compared with the same 2016 period.
Rickmers Group unveils restructuring plan
The Hamburg-based maritime services provider’s owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
North American freight market growth continues in March
Shipment volumes for the month grew 0.5 percent from February and 0.9 percent from March 2016, while expenditures were down 1.2 percent sequentially but up 3 percent year-over-year, according to the latest Cass Freight Index Report.
CP’s profits tumble in Q1 2017
The Canadian Class I railway’s profit for the quarter tumbled 20.2 percent year-over-year, despite modest increases in revenues and volumes.
Samskip Logistics buys NJ-based freight forwarder
Samskip Logistics USA’s acquisition of Rimar Consultants is increasing Samskip’s reefer portfolio.
Royal Vopak to expand Santos terminal
Tank storage company and terminal operator Royal Vopak’s expansion at the Port of Santos will add 16 new tanks, boosting the terminal’s total capacity to 235,000 cubic meters.