The Dubai-based container terminal operator posted a cargo throughput of 47.5 million TEUs at its container terminals in the first nine months of 2016, a 1 percent increase from the same 2015 period on a like-for-like basis.
The commercial fleet management, dedicated transportation and supply chain solutions provider saw third quarter net income fall 6.3 percent to $85.1 million compared to the same 2015 period despite a 3.3 percent uptick in revenues.
The new GENCO multi-tenant facilities are located in Memphis, Tenn. and Milton, Ontario, comprising 1.1 million square feet and 400,000 square feet, respectively.
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A new Visibility Benchmark Study from American Shipper also found that third-party logistics companies have a major problem delineating their cost to provide visibility to shippers.
Edward Greenberg, the association’s general council, said the Federal Maritime Commission’s revision would offer "much needed flexibility" to non-vessel-operating common carriers when including rate and surcharge changes in their service arrangements.
The U.S. government has signed off on a plan by Crowley Maritime to transfer perishable cargo from Central America to the Miami International Airport for onward delivery to customers in Europe.