- K + N reports ‘considerable growth’ July 20, 2018Kuehne + Nagel International AG on Thursday posted another quarter of positive financial results, as “considerable” growth in ocean and air freight volumes, as well as increased sales in its overland and contract logistics divisions, boosted revenues.
- Court dismisses Matson challenge of Guam service July 20, 2018The U.S. Court of Appeals for the District of Columbia Circuit this week dismissed a petition by Matson Navigation Co. asking it to review the Maritime Administration’s decision to allow APL to replace two ships it had enrolled in the Maritime Security Program, ships that were then put into the Guam trade where APL […]
- CMA CGM takes stake in Zeebrugge Terminal July 20, 2018Cosco Shipping Ports said that CMA CGM Group has acquired 10 percent equity interest in CSP Zeebrugge Terminal through its wholly owned subsidiary, CMA Terminal.
- NWSA port volumes bounce back July 20, 2018Volumes of containerized cargo at terminals operated by the Northwest Seaport Alliance (NWSA), which includes the ports of Seattle and Tacoma, rebounded in June after three consecutive months of year-over-year declines.
- KCS remains positive on cross-border trade July 20, 2018Kansas City Southern’s second-quarter 2018 net income rose 10.4 percent year-over-year to $148.7 million amid higher revenues and volumes in five of six commodity groups and flourishing cross-border trade growth between the United States and Mexico.
- FMC rate, service arrangement changes set July 20, 2018The U.S. Federal Maritime Commission said its regulatory amendments providing new flexibilities for ocean transportation intermediaries and their customers using non-vessel-operating common carrier (NVOCC) negotiated rate arrangements and NVOCC service arrangements will enter force Aug. 22.
- Atlas, Southern Air pilots land tentative agreement July 20, 2018Atlas Air Worldwide Holdings this week has reached a tentative agreement with Southern Air’s pilots, who are represented by Teamsters’ Local 1224, to bring their wages in line with pilots of Atlas Air.
- Marten’s net income moves up nearly 50 percent July 20, 2018Marten Transport Ltd. recorded a net income of $13.7 million, or 25 cents per diluted share, for the second quarter of 2018, a sharp increase from $9.1 million, or 17 cents per diluted share, for last year’s second quarter, according to the company’s latest financial statements.
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CEO, Red Arrow Logistics
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