The Port of Savannah will weigh export containers at no cost to help shippers comply with new International Maritime Organization requirements for providing verified gross mass data to carriers.
The transportation management system software provider had been planning for the next stage of its growth since early 2016 by looking for opportunities to extend the reach and capabilities of its LeanTMS platform.
Air cargo craft operator Atlas Air Worldwide Holdings, which saw net income and revenues plummet year-over-year in the first quarter of 2016, said it expects earnings and cash flow to grow over time thanks to new agreements with e-commerce behemoth Amazon.
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Freight brokerage and third-party services provider Echo Global Logistics reported non-GAAP diluted earnings per share of $0.24 on revenues of $405.3 million for the quarter, in-line with consensus analyst expectations.
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.
Rates fell another 3 percent for the month compared to March of last year, the 15th consecutive month prices have decreased, and analysts with Avondale Partners expect this trend to continue through the rest of 2016.