New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
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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 Hamburg-based maritime services provider's owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
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.