The purchase price for the flatbed carrier specializing in the transport of steel, aluminum and other metal products was $53.8 million.
Yilport offer for Taranto port advances
The Italian port concession would be the 21st marine terminal in the Turkish company’s portfolio.
U.S. transportation, logistics employment slips
Firms shed 1,300 jobs during July, but June hiring figures were revised upward.
Fresh Del Monte: Transportation costs spoiled Q2
Congestion, delays and bad weather created “a perfect storm” and led to $5.6 million net loss.
Djibouti improperly seized container terminal
Arbitrator finds government attempted to evade contractual obligations.
Chairish sets up shipping service for home goods
The UPS Store will pack and send furniture and decor sold through online marketplace.
Outlook for global container port demand positive
Drewry says economic fundamentals are likely to win out over tariffs and trade war fears.
XPO nearly triples Q2 earnings
With no acquisition and integration costs weighing down profits, XPO Logistics has delivered net income growth for nine consecutive quarters.
USTR: Trump asked for potential tariff hike
Increase on tariffs proposed across $200 billion worth of Chinese products from 10 percent to 25 percent designed to pressure China to “stop the retaliation against U.S. workers.”
GCI acquisition spurs Seaspan’s profitable Q2
The Hong Kong-based containership leasing giant’s net earnings shot up 140.5 percent.