The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
International Longshoremen's Association President Harold Daggett said he will seek help from Congress in union disputes with the South Carolina Ports Authority and the Waterfront Commission of New York Harbor.
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Non-vessel-operating common carrier Ecu-Line has opened a new branch office in Fremantle, Australia.
The port of Fremantle services the capital city of Perth and the entire state of Western Australia.
The NVO said its Fremantle branch complements its existing weekly export consolidations from Australia to Singapore for destinations worldwide.
The Fremantle branch is headed by Rob Page.
The member carriers of the 2M vessel sharing agreement will add Asia-Europe and transpacific services in order to accommodate the volumes gained through slot purchase agreements with Hyundai Merchant Marine and Hamburg Süd.
Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.
The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.