The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
The port terminal operator arm of China COSCO Shipping saw earnings sink 65.6 percent to $37.6 million in first quarter 2017 despite a 7.5 percent increase in container throughput compared with the same 2016 period.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
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DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.
The American Maritime Partnership said it supports CBP's notice published in January that it is revoking previous “letter rulings” that it said are inconsistent with the proper enforcement of coastwise laws, such as the Jones Act.
The Hamburg-based maritime services provider's owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.