The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded earnings per share of $0.25 for the quarter, surpassing the street consensus and Stifel estimate of $0.21.
The Gulf Coast port’s total tonnage spiked 11 percent year-over-year during the quarter, while containerized cargo volumes increased 18 percent.
U.S. Sens. Cory Booker and Robert Menendez of New Jersey and Charles Schumer and Kirsten Gillibrand of New York wrote a letter urging new Transportation Secretary Elaine Chao to visit aging transportation infrastructure throughout their states.
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The International Longshoremen’s Association is calling for a shutdown of ports along the Atlantic and Gulf Coasts, and a march in Washington.
In addition to bad weather conditions, rampant overbooking by carriers in the wake of newly restructured vessel sharing alliances is at the root of the delays, according to Nicolas Vittori, overseas network manager at France-based Setcargo.
Redwood Logistics names senior vice president of strategic sales, while Reading & Northern Railroad hires SVP of coal, Port of New Orleans adds a board member and CenterPoint Properties appoints marketing director.