United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in three years, according to the “advance” estimate from the Department of Commerce.
The Hong Kong-based ocean carrier's container volumes increased 7 percent year-over-year, while revenues rose 6.4 percent from the corresponding 2016 period.
The Japanese postal, banking and insurance conglomerate now expects to post a net loss of 40 billion yen (U.S. $362.4 million) for its fiscal year ended March 31, 2016, after taking a 400.3 billion yen writedown on Australian logistics arm Toll Holdings.
Registration takes less than 1 minute.
YRC Worldwide appoints chief information officer, while CenterPoint Properties names eastern region senior vice president and Actisense hires operations supervisor.
IAG Cargo names new chief executive, while Trans Global Projects Group hires chief executive officer of Natco Switzerland subsidiary.
BluJay, the new brand for merged supply chain software companies Kewill and LeanLogistics, has purchased a United Kingdom-based maker of mobile tracking and shipment notification solutions.