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.
The Danish shipping company will use the cloud computing platform to develop digital products and services across all brands in its A.P. Moller - Maersk Transport & Logistics division.
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Chinese conglomerate HNA Holding Group Co. offered to purchase CWT Ltd. for 1.4 billion Singapore dollars (U.S. $995 million).
Kempten, Germany-based global logistics provider Dachser said the acquisition allows it to expand and strengthen its logistics network throughout northwestern Europe.
Walmart is opening an import distribution center in Mobile, Ala., which is expected to boost cargo volumes at APM Terminals Mobile by 10-20 percent.