The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
Hub Group’s net income rises, revenues fall
The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
SPOTTED: OLIVIA PALERMO IN FENDI SUNNIES
It’s high summer, and celebs are out in force shielding their eyes from the blazing sun…not to mention the paparazzi. Actress Olivia Palermo recently stepped out in Fendi’s Eyeshine sunglass, with a yellow/orange mirrored lens that matched the yellow sun. Photo: Courtesy of Fendi.
The post SPOTTED: OLIVIA PALERMO IN FENDI SUNNIES appeared first on Accessories Magazine.
U.S. economy continues sluggish growth in Q2
United States gross domestic product increased 1.2 percent in second quarter 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
SCFI surges 18.6%
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
DP World wins long-term concession at Port Saint John
The Dubai-based port terminal operator signed a 30-year lease with Port Saint John on the East Coast of Canada to operate its West Side Container Terminal, DP World and port officials said in a joint statement Thursday.
DHL puts strong focus on e-commerce growth
The German forwarder discussed at a press conference in Chicago Wednesday its $137 million investment plan in the U.S. domestic and cross-border e-commerce market, along with its vast expansion in the “Windy City.”
YRC posts Q2 profit gain despite sliding revenues
Less-than-truckload holding company YRC Worldwide increased net income in second quarter 2016 4.2 percent to $27.1 million despite revenues falling 4 percent to $1.21 billion compared to the same 2015 period.
UPS sees Q2 growth in earnings, revenues
The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 percent, respectively.
Japan’s ‘big three’ container carriers post weak quarterly results
Ocean carriers MOL, NYK and “K” Line all reported losses in their container segments and lower revenues year-over-year for the first fiscal quarter, which ended June 30.