The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
Overall revenues for NYK, MOL and "K" Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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The Memphis, Tenn.-based parcel carrier and logistics provider will use the proceeds to help finance its planned 4.4 billion euro purchase of Dutch delivery company TNT Express NV.
Meanwhile, the U.S. Federal Maritime Commission is calling for carriers and shippers to work together to find a solution so exports are not left on the docks for lack of verified gross mass documentation come July 1.
Dubai-based Mercator, a provider of solutions to the global travel, transportation and logistics industry, has acquired Seattle, Wash.-based Revenue Management Systems.