The air cargo services provider posted a net income of $41.5 million for the full year in 2016 after reporting losses in two consecutive quarters as expenses related to a deal with e-commerce giant Amazon dragged on earnings.
ZIM to launch two new services
The Israeli ocean carrier will launch the ZIM Med Pacific and the India Med Express loops in April.
Freightos unveils beta launch of international freight price index
The digital global freight rate marketplace provider announced the beta launch of the Freightos International Freight Index (FIFI).
UPS to open new regional hub in Salt Lake City
The new regional hub in Salt Lake city is slated for completion in late 2018.
China COSCO Shipping inks deal with Chery
China COSCO Shipping signed a strategic partnership agreement with Chery Automobile last Friday.
Yusen Logistics expands auto services in Mexico
The NYK Group’s third-party logistics subsidiary recently opened a new 53,820-square-foot logistics center near Celaya, Mexico, in an effort to meet increased demand from domestic and international automotive customers.
Georgia, Virginia port authorities file agreement with FMC
The two ports says the plan is an “innovative collaboration that will allow us to find new ways to become more efficient and effective.”
IAG Cargo’s revenues fall in 2016
IAG Cargo posted revenues of 1.02 billion euros for 2016, a 6.6 percent drop from 2015.
GPA experiences busiest month ever in January
The Georgia Ports Authority handled 3 million tons of cargo in January, with bulk cargo at the Port of Brunswick more than doubling January 2016 figures.
U.S. Class I railway employment continues to fall in January
Railway employment levels in the United States have now fallen in 19 of the last 21 months, according to recent data from the U.S. Surface Transportation Board.