The Eden Prairie, Minn.-based third-party logistics provider’s total revenues for the quarter surged 11.1 percent year-over-year, fueled by volumes increases across all transportation services and higher fuel prices.
ITSTL acquires WDS rail terminal assets
ITS Technologies & Logistics will assume operation of five Norfolk Southern terminals previously operated by Cleveland, Ohio-based intermodal services provider World Distribution Services, ITSTL said in a statement.
Cargolux reports 2016 results
The Luxembourg-based airline’s net profit of $5.5 million last year fell significantly from its $49 million profit for 2015.
Ryder’s earnings drive downward in Q1
However, Ryder’s revenues for the quarter rose 7 percent year-over-year, driven by higher fuel costs passed through to customers.
Some restrictions lifted at Bayonne Bridge
Ships carrying up to 9,800 TEUs can now call terminals west of the Bayonne Bridge without worrying about tidal conditions now that U.S. Coast Guard Sector New York and pilot organizations lifted air draft restrictions.
CONSUMERS INCREASINGLY EMBRACING BRANDS THAT GIVE BACK
Giving is the new receiving. As many brands turn to philanthropy and consumers assuage “fashion guilt” with items that offer percentage-based donations, having a cause-based element in the retail formula is smart business. When choosing between two brands of equal quality and price, 90% of U.S. shoppers are likely to …
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PVH TO LICENSE WARNER’S SOCKS & HOSIERY WITH USA LEGWEAR
PVH Corp. subsidiaries have entered into a license agreement with USA Legwear LLC under which USA Legwear will manufacture, sell, distribute and promote women’s hosiery and socks under the Warner’s brand. Products will launch for Spring 2018 and be sold primarily in leading department stores, specialty stores, national chains and …
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CN grows earnings on record Q1 volumes, revenues
Montreal, Canada-based Class I railway Canadian National saw its net income jump 12 percent year-over-year to C$884 million (U.S. $650 million) in first quarter 2017 on revenues that rose 8 percent percent to C$3.2 billion.
Correction: Norfolk reaps most benefit from Asia-U.S. East Coast transpacific alliance services
BlueWater Reporting, capacity, deployed capacity, Norfolk, Savannah, New York/New Jersey, data, transpacific, U.S. East Coast, container capacity, containers, BlueWater
BIMCO: Container shipping sees better supply-demand balance
However, the Baltic and International Maritime Council said the performance of the new ocean carrier alliances that set sail at the beginning of the month will be key in 2017.