The third-party logistics provider’s earnings per share for Q3 2016 fell short of analyst expectations, largely due to net revenue margin pressure as contractual sell rates fell faster than spot buy rates, William Blair Equity Research said.
The port terminal operator arm of the recently merged China COSCO Shipping saw net profits from continuing operations tumble 37.3 percent to $43.9 million in third quarter 2016 despite a 3.3 percent increase in revenues compared with the previous year.
The National Retail Federation, the California Trucking Association Intermodal Conference and the Harbor Trucking Association have proposed a “joint powers authority” to oversee funding of night and weekend terminal operations.
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The real-time truckload tracking and visibility startup said it will use the investment funds to integrate more data sources into its platform, expand internationally, and cover additional transportation modes such as LTL, rail, intermodal and ocean.
The first logistics-focused technology accelerator Dynamo has its inaugural demo day Tuesday, and American Shipper recently visited Chattanooga to find out more.
The Norway stock exchange has launched SHIPPING DNM, a tradable index based on the Oslo Børs Shipping Index, which consists of 13 company stocks with a total market value of $2.58 billion, the exchange said in a statement.