Shares in the Jacksonville, Fla.-based Class I railroad jumped 23.4 percent on Thursday to close at $45.51 following reports outgoing Canadian Pacific CEO E. Hunter Harrison could be eyeing CSX as his next landing spot.
Amsterdam Airport Schiphol reported a cargo throughput of 1.66 million metric tons for the full year in 2016, a 2.5 percent increase compared with 2015 and a record for the airport.
Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating costs."
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In attempts to push back against the campaign to turn independent owner-operators in the port drayage industry into employees, the statewide trucking trade association filed a lawsuit last week against various state officials and agencies.
While a host of technology startups have adopted Uber-like models to tackle automated freight matching in the trucking industry, in the last two months, Uber themselves and Amazon have jumped in the fray.
The 2M Alliance will skip various sailings on the Asia-North America and Asia-North Europe/Mediterranean trades, while Hapag-Lloyd unveiled skipped voyages between Asia and South America.