Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2016.
The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.
The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
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In addition to bad weather conditions, rampant overbooking by carriers in the wake of newly restructured vessel sharing alliances is at the root of the delays, according to Nicolas Vittori, overseas network manager at France-based Setcargo.
The east-central Canadian province recorded a 262 percent year-over-year increase in reported cargo thefts during the first quarter of 2017, mostly occurring in the Greater Toronto area.
The U.S. Coast Guard is coordinating with the New York Air National Guard and the Canadian and Portuguese Coast Guards following an explosion and fire on an international bulk carrier 1,300 miles offshore Cape Cod, according to a statement from the USCG.