The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
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.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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The intermodal equipment leasing company may look for an individual buyer or try to go public, and ocean carrier United Arab Shipping Co. has selected TRAC as its sole chassis supplier in the United States.
Canadian Pacific filed a definitive proxy statement asking the NS board of directors to “engage in good faith discussions” with CP regarding a potential purchase that will be voted on at the annual NS shareholder meeting May 12.
Freight forwarding rating application Fleet received $4 million in seed funding and now provides a marketplace where users can solicit bids from a roster of 150 freight forwarders.