The board of directors of CSX Corp. declared a quarterly dividend payable Dec. 15, 2016 to shareholders of common stock.
Aramex, Australia Post team up on e-commerce JV
The new 60-40 joint venture between Dubai-based third-party logistics provider Aramex and Australia Post will be based in Singapore with a particular focus on connecting the Australian e-commerce market with sellers in Asia, the companies said.
Will it be 2020 or 2025 for low-sulfur fuel?
Questions remain about the economic impact of lowering the cap on sulfur levels in marine fuels, as well as whether the refining industry can produce enough low-sulfur fuel to satisfy the increase in demand.
Rise of e-commerce has companies eyeing automated payment
A study of 500 North American businesses by the payment solutions provider AFEX found companies were hampered by costs and delays with processing international payments.
Breakbulk carriers squeezed by container, simple bulk sectors
The last three months saw “some of the worst” conditions “in living memory” in the multipurpose and project cargo sectors, with little chance for any significant improvement until the end of 2017, according to shipping research and consulting firm Drewry.
Executive Moves: Chamber of Marine Commerce and DTI
The Chamber of Marine Commerce appoints interim president, while the executive director of the Transportation Institute at the University of Denver (DTI) will retire.
Truck drivers sue Amazon for misclassification
The lawsuit, filed in federal court in Seattle, Wash., is the latest in a long list of complaints against transportation and logistics service providers that have allegedly been misclassifying drivers as contractors instead of employees.
DHL subsidiary acquires Italian logistics provider
DHL Supply Chain has purchased a 100 percent stake in Carugate, Italy-based MIT Safetrans, which specializes in high value logistics services in the technology, pharmaceutical, banking and vending sectors, for an undisclosed price.
AAR: U.S. rail traffic down 6.9% through September
Combined United States carload and intermodal cargo volumes continued their decline in September 2016, falling another 4.8 percent compared with the same 2015 period, according to data from the Association of American Railroads.
Great Lakes limestone trade slips in September
On a year-over-year basis, the sharp increase in limestone shipments from Canadian quarries was not enough to offset the drop in limestone shipments from quarries in the United States.