GE Transportation will supply freight locomotives to Ukrainian Railways, as well as additional locomotive kits over 10 years, the rehabilitation of locomotives in the railway’s fleet, and long-term maintenance services.
Strong Q4, U.S. tax reform boost Expeditors’ profits in 2017
The Seattle-based third-party logistics provider posted net earnings of $489.3 million for the full year in 2017, a 14 percent increase from 2016, as revenues rose 7 percent to 2.3 billion, according to the company’s most recent financial statements.
CMA CGM ordering 12 more 14,000-TEU ships?
Several industry media outlets have reported that CMA CGM has placed an order for 12 newbuild container vessels that will be capable of running on liquified natural gas (LNG), but the French ocean carrier has declined to comment.
USTR calls on Peru to verify legality of 2017 timber exports
The Office of the U.S. Trade Representative said the U.S. and Peru have an “active record on engagement” in timber issues under their trade deal, but “serious concerns” regarding illegal logging in Peru remain, despite improvements in some areas.
AAFA urges clearer FTC ‘Made in USA’ labeling standards
The American Apparel & Footwear Association has called on the Federal Trade Commission to clarify apparent ambiguity in the commission’s rules on the labeling of goods sold in the United States and to provide a clearer definition of “materials.”
Milaha earnings sink 34% in 2017
Qatar Navigation (Milaha) recorded a net profit of 469.8 million Qatari riyals (U.S. $129.1 million) for the year, as operating revenues slipped 2.4 percent to QAR 2.49 billion, according to the company’s most recent financial statements.
XPO Logistics slammed with port trucker lawsuit
The class-action lawsuit filed in California on Monday alleged that the port drayage arm of XPO Logistics is misclassifying truck drivers as independent contractors.
Eimskip’s net earnings tumble in 2017 amid higher revenues
Although adverse currency exchange fluctuations caused Eimskip’s net earnings to tumble between 2016 and 2017, revenues surged, thanks to new acquisitions, volumes growth and increased international freight rates.
C.H. Robinson names new COO
The Eden Prairie, Minn.-based third-party logistics provider has appointed Robert Biesterfeld to serve as chief operating officer, effective March 1.
UPS sues EU over scuttled TNT deal
Atlanta-based integrator United Parcel Service Inc. (UPS) is seeking 1.7 billion euros (U.S. $2.1 billion) in damages after regulators in the EU vetoed its acquisition of European parcel carrier TNT Express, according to multiple media reports.