The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.
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The AAPA and CAGTC have issued separate statements decrying President Donald Trump’s proposed 2018 discretionary budget, which would eliminate funding for the Transportation Investment Generating Economic Recovery (TIGER) grants program.
Annualized driver turnover rates at large truckload fleets fell another 10 percentage points to 71 percent in the third quarter of 2016, the lowest level since the second quarter of 2011, according to the American Trucking Associations.
2017 will be a pivotal period for companies doing business in or though Canada, as two geopolitical events will impact its place in the global trade marketplace, according to Keith Haurie, vice president of business development for ONESOURCE Global Trade.