To reduce diesel emissions, Impact Transportation is buying nine new forklifts and a yard tractor, all of which will run on either propane or diesel fuel.
Ports of Indiana YTD shipments up 10%
Total freight handled at Ports of Indiana cargo terminals exceeded 8.1 million tons through the first nine months of the year, the second highest volume during the same period of any year in the statewide port authority’s 56-year history.
NYSA: PANYNJ economic impact expanding
The regional port industry in New York and New Jersey was responsible for $25.7 billion in personal income and $64.8 billion in business income last year, according to a recent study from the New York Shipping Association (NYSA).
Milaha profits down 52% year-to-date
Qatar Navigation (Milaha) recorded a net profit of QR 363 million (U.S. $96 million) on operating revenues of QR 1.66 billion for the nine months ending September 2017, a significant reduction compared to the same period in 2016.
DCLI acquires TRAC domestic chassis fleet
The purchase of 72,000 53-foot chassis from rival TRAC Intermodal expands Direct ChassisLink, Inc.’s (DCLI) asset base as the company builds a single platform to manage marine and domestic chassis.
House reps unveil federal port driver protection legislation
The Clean Ports Act and Port Drivers’ Bill of Rights were introduced in the U.S. House of Representatives by Reps. Grace Napolitano, D-Calif., and Jerrold Nadler, D-N.Y., respectively.
UPS profits slip in Q3 despite rising revenues
The Atlanta-based parcel giant reported increased revenues in all of its business segments, but net income still fell 0.5 percent from the same period in 2016 due in part to the impacts of hurricanes Harvey and Irma in the U.S. Southeast.
CSX changes keep rolling with executive management shake-ups
The Jacksonville, Fla.-based Class I railroad’s newly appointed chief operating officer, James Foote, previously worked for Canadian National Railway with current CSX chief executive officer E. Hunter Harrison.
Norfolk Southern earnings rise 10% in Q3 2017
The increase in net income at the Norfolk, Va.-based Class I railroad was driven primarily by an 11 percent rise in income from railway operations, according to Norfolk Southern’s most recent financial statements.
Report: CMA CGM acquires two 6,500-TEU vessels
The French ocean carrier will purchase the containerships from Hansa Treuhand with a price tag that is 87 percent less than what they originally cost in 2008, according to multiple media sources.