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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Luisa Anderson of Miami Gardens, Fla., 40, was driving a golf cart through the Sun Terminals container yard at Port Everglades when it collided with a yard mule truck, according to a statement from the Broward County Sheriff’s Office.
The White House said Tuesday that China has ended tax exemptions that had unfairly benefited the country's domestic manufacture of certain types of aircraft over equivalent imports.
Volga-Dnepr Group names senior VP of sales and marketing, while Synergy appoints VP of enterprise solutions.