FASA

The governors of New York and New Jersey on Aug. 2 announced the appointments of Kevin O’Toole as board chair and Rick Cotton as executive director of the Port Authority of New York and New Jersey (PANYNJ).

The Danish global transport and logistics provider posted profits of 744 million Danish krone on net revenues of DKK 18.9 billion for the quarter, year-over-year increases of 122.8 percent and 7.5 percent, respectively.

The Australian Federal Court has fined the ocean carrier for price fixing between 2009 and 2012, imposing the second highest fine in the history of the Australian Competition and Consumer Commission, reports TradeWinds.

Total intermodal volumes gained 4.5 percent during the second quarter of 2017, with international traffic being the primary driver, rising 5.6 percent, according to recent statistics from the Intermodal Association of North America (IANA).

IMF Investors has sealed a deal to pay $869 million to Akfen Holding for a 40 percent stake in Turkey’s second-largest seaport, according to multiple local media outlets.

Truckload, intermodal and logistics provider Schneider National reported a net income of $46.5 million for the second quarter of 2017, or $0.27 per diluted share, an increase of 5.2 percent, compared to the three months ended June 30, 2016.

Although carload volumes dropped 0.6 percent for the month, a 5.6 percent increase intermodal traffic spurred continued growth in overall rail volumes in July 2017, according to the Association of American Railroads.

The Qatar-based maritime transport and logistics company saw revenues drop drastically across all sectors due to what it characterized as an “unusually prolonged global downturn” in the shipping market.

Port Authority of New York and New Jersey names new executive director and board of commissioners chairman, Foss Maritime hires chief commercial officer, and ATA names executive director of the Intermodal Motor Carrier Conference.