Industry leader Maersk Line, along with MSC and 13 other container lines, might not be subject to further penalties stemming from a five-year European Commission probe, according to a report from Reuters news service.
The e-commerce giant threw down $775 million in 2012 to purchase Kiva’s warehouse automation robots, ending the sale of Kiva’s products to warehouse operators and retailers that had come to rely on them.
The integrated logistics provider formed a joint venture in South Africa with Johannesburg-based Super Group, offering local and multinational customers a range of logistics and supply chain solutions.
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The Calgary-based Class I railroad cited lower-than-anticipated bulk volumes, the devastating wildfires in northern Alberta and a strengthening Canadian dollar as the primary reasons for the downward revision in earnings expectations.
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.
The South Korean ocean carrier's results for the quarter were hindered by continuously falling freight rates and the imbalance of supply and demand.