The Taiwanese ocean carrier reported a loss of 14.91 billion Taiwan new dollars (U.S. $492.1 million) for the full year in 2016 compared with TWD 6.46 billion the previous year, according to the company’s latest filing with the Taiwan Stock Exchange.
Walmart is opening an import distribution center in Mobile, Ala., which is expected to boost cargo volumes at APM Terminals Mobile by 10-20 percent.
The world’s fourth largest container shipping line, COSCO Shipping, experienced the 9.9 billion yuan (U.S. $1.44 billion) loss due to weak freight rates and restructuring costs, Reuters said Thursday.
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The ports of Philadelphia and Wilmington are planning infrastructure improvements as a project to deepen the river nears completion.
Cherry Hill, N.J.-based NFI has strengthened its footprint in Canada with the acquisition of Dominion Warehousing & Distribution.
The Jacksonville, Fla.-based Class I railway said that in 2016, the industry continued to face headwinds from low global commodity prices and the strength of the U.S. dollar.