The airfreight carrier transported 218,000 metric tons of cargo during the year despite a reduction in revenues caused by route changes driven by passenger demand, according to John Lloyd, senior vice president of cargo at Virgin Atlantic.
The port terminal operator arm of the recently merged China COSCO Shipping saw earnings tumble 42.5 percent to $247 million for the full year in 2016 despite a 1.2 percent increase in revenues compared with the previous year.
The e-commerce giant may have competition in its bid for Dubai-based online retailer Souq.com, however, as Emaar Malls has submitted a competing offer, according to reports from multiple media outlets.
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The appointment of outgoing Canadian Pacific Chief Executive E. Hunter Harrison as CEO of Class I railroad CSX is still contingent on a shareholder vote over $84 million in benefits and equity awards he forfeited by leaving CP six months ahead of schedule.
The Doric Warrior, a 93,115-dwt bulk carrier, delivered steel slabs from Tuapse, Russia on the Black Sea to the new Paulsboro Marine Terminal along the Delaware River on Thursday.
The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.