New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
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International Warehouse Logistics Association President and CEO Steve DeHaan said the group is urging Congress to facilitate the creation of a system that better aligns the design of the nation’s infrastructure with the demands of today’s economy.
FedEx Freight President and CEO Mike Ducker and Werner Enterprises President and CEO Derek Leathers told a Senate subcommittee the U.S. must invest more in its roads and bridges for the trucking industry to continue to operate safely and efficiently.
The third-busiest port complex in North America has spent billions raising the Bayonne Bridge and dredging New York harbor in preparation for larger containerships.