The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
United States gross domestic product increased 1.2 percent in second quarter 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
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Some logistics providers remain skeptical about how well it will work for ports to weigh containers and transmit the data to carriers on behalf of shippers.
The International Maritime Organization's new verified gross mass regulations go into effect on Friday, July 1, is your company ready?
House lawmakers and port authorities want the U.S. Customs and Border Protection to allocate more new personnel to ports, allowing for cargo and cruise passengers to be cleared faster for entry.