The Swiss-based global logistics services provider will use INTTRA's eVGM product to help its customers meet a container weight verification rule set to go into effect July 1.
Peter Friedmann accused container lines of bungling the International Maritime Organization's new container weight verification requirement, and said some now realize they face high internal costs unless they offer a more flexible approach.
FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
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The asset-light transportation and logistics services provider posted earnings per share of $0.08, well short of industry advisory firm Stifel's estimate of $0.22 per share and the street consensus estimate of $0.23 per share.
The port posted a 2.4 percent year-over-year increase in container volumes in April, partially supported by growth at the Virginia Inland Port and Richmond Marine Terminal.
The Florida Gulf Coast port recently purchased a 41-acre tract of waterfront land where the authority plans to develop a new terminal for forest products.