The Class I railway’s net income rose 12 percent year-over-year in the first quarter of 2017 to $433 million, despite inflation and higher fuel costs.
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.
Registration takes less than 1 minute.
Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.
The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.
Various headwinds in 2016 sent the industry into a tailspin, culminating with the demise of Hanjin Shipping, a company many thought was too big to fail.