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.
The e-commerce provider will offer next-day delivery in Santiago and other major Chilean cities, with two-to-three-day delivery services across the rest of the country.
The global railcar lessor’s diluted earnings per share stood at $1.44 for Q1 2017, down from Q1 2016, but still surpassing analyst expectations thanks to higher-than-expected gains on railcar sales.
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The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.
South Korean ocean carrier Hyundai Merchant Marine said it expects to save costs and boost competitiveness through the “2M+H Strategic Cooperation,” which was signed Wednesday in Sausalito, Calif.
House members question whether the Shipping Act should be revised, and also said there is a need to protect domestic tugboat and terminal companies.