Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
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Danish third-party logistics provider DSV said it can grow market share by cross-selling brokerage and asset-based services previously provided under the UTi brand.
The Pittsburg, Kan.-based transportation and terminal services provider’s purchase includes 14 inland waterway facilities, four rail and truck terminals, and two deep water port operations across the southern and midwestern United States.
The Danish global transport and logistics provider reported adjusted earnings of 2.5 billion Danish krone (U.S. $358.3 million) on DKK 67.7 billion in revenues in 2016, year-over-year increases of 13.3 percent and 33.2 percent, respectively.