FASA

The Thomasville, N.C.-based less-than-truckload carrier reported a net income of $98.4 million for the second quarter of 2017, a 20.9 percent increase from the same three-month period a year ago.

Future supply chain companies will suffer from a poorly-developed workforce if companies do not adapt to digitalization and enable younger generations to fill supply chain roles, according to a recent survey from DHL.

The U.S. Federal Maritime Commission has received six ocean transportation intermediary license applications and changes for review.

The Long Beach Board of Harbor Commissioners elects new board president, vice president, and secretary; MacroPoint hires chief financial officer; and Union Pacific appoints board member.

The Athens, Greece-based containership lessor on July 26 said it would initiate a 1-for-6 reverse split “on or around” July 27, just a few weeks after another 1-to-7 reverse split went into effect July 5.

The non-profit Yangtze River Economic Belt Shipping Alliance, which was established in Shanghai on July 20, is made up of nine port operators, while the Yangtze River Economic Belt Financial Leasing Alliance consists of five financial leasing companies.

Data show that between January and June of this year, the East Coast’s busiest seaport handled 3.2 million TEUs, compared to 3.0 million units during the same period in 2016.

Copenhagen-based consulting firm SeaIntel predicts that ultra-large vessels, in excess of 18,000 TEUs, will double their market share on east-west routes by the end of 2018.

The Honolulu-based cargo carrier’s new biweekly service is scheduled to call at three Marshall Islands ports — Kwajalein, Ebeye and Majuro — beginning in the first quarter of 2018.