For several top North American container ports 2016 was a record-setting year, and industry analysts are cautiously optimistic that 2017 will be even better despite the uncertainty in Washington that comes with a new presidential administration.
January 23, 2017BusinessLogistics
Hyundai Merchant Marine to Buy Minority Stake in Total Terminals International
Hyundai Merchant Marine will buy a 20% stake in Total Terminals International, agreeing to a $15.6 million deal with Mediterranean Shipping Co. on Jan. 19, one day after a U.S. bankruptcy court approved MSC’s purchase from the bankrupt Hanjin Shipping Co.
January 20, 2017BusinessLogistics
Great Western Acquires Quality Trailer Sales
Great Western Leasing and Sales acquired Quality Trailer Sales, expanding its network into the southwest U.S., and adding Heil Trailer to its product line, the company said.
January 20, 2017GovernmentBusinessLogistics
Kansas City Southern Profits Decline in Fourth Quarter
Kansas City Southern reported lower profits in the fourth quarter and full calendar year 2016 compared with the same period of 2015, although the freight railroad was most hurt due to foreign exchange rate losses from its international business.
January 20, 2017BusinessLogistics
US Judge Approves Hanjin's Sale of Total Terminals International for $133 Million
A U.S. District Court bankruptcy judge has approved a $133 million dollar deal between Hanjin Shipping Co. and a terminal operating subsidiary of the Mediterranean Shipping Co. to purchase a majority share in Total Terminals International.
January 19, 2017BusinessLogistics
Railroads Report Better Fourth Quarter, But Shakeup Could Alter Industry in 2017
The fourth quarter marked a turnaround for the railroad companies from the lackluster year, according to earnings released last week, but a potentially major shakeup could result in an interesting 2017 for the industry.
January 19, 2017BusinessLogistics
CSX Reports Lower Earnings In Fourth Quarter But Matches Analyst Forecasts
CSX Corp. reported weaker earnings in the fourth quarter than the same period in 2015, although the freight carrier met analyst estimates compiled by Bloomberg News.
January 17, 2017BusinessLogistics
Railroad Profit Rebound Plays Catch-Up to Yearlong Stock Surge
With U.S. railroads forecast to report their first earnings growth since 2015, a stock rally that began in anticipation of the profit rebound is looking overdone.
January 17, 2017PerspectiveGovernmentBusinessSafetyLogisticsAutonomousFuel
Opinion: Appreciate Truck Drivers Every Day of the Year
National Truck Driver Appreciation Week was Sept. 11–17 last year here in America. It is recognized as a time to honor and acknowledge the nation’s truck drivers for their dedication and hard work and for putting up with extraordinarily challenging working conditions throughout the year.
January 16, 2017EditorialBusinessSafetyGovernmentLogisticsAutonomous
Editorial: Salute 20 Ambassadors of Trucking
Please take a moment to note and appreciate something that doesn’t happen nearly often enough. Twenty of our fellow citizens are being lauded with national attention for devotion to their industry, working hard and carefully on a consistent basis over time, in a way that helps to make for a smoothly running society.
January 16, 2017