However, Ryder’s revenues for the quarter rose 7 percent year-over-year, driven by higher fuel costs passed through to customers.
Ships carrying up to 9,800 TEUs can now call terminals west of the Bayonne Bridge without worrying about tidal conditions now that U.S. Coast Guard Sector New York and pilot organizations lifted air draft restrictions.
American Shipper has launched a short survey to collect feedback on how the industry expects to be affected by the new ocean carrier alliances that launched at the beginning of the month.
Registration takes less than 1 minute.
The container terminal operator posted a net profit of 75.9 million euros on revenues of 639.4 million euros, year-over-year increases of 3.3 percent and 8.1 percent, respectively.
The European Shippers' Council said some shipments from Europe to Asia have been delayed up to eight weeks.
House Reps. Mike Kelly, R-Pa., and Peter DeFazio, D-Ore., have introduced bipartisan legislation that would increase investments in harbor and port projects by 29 percent from current funding levels without raising user fees or taxes.