The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.
October 19, 2016Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
APL Logistics Names Shigeo Mori as New CFO
APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.
October 19, 2016FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport
PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.
, October 18, 2016Natso Joins R.I. Trucking Association in Fight Against Truck-Only Tolls
The Rhode Island Trucking Association has a new ally, the National Association of Truck Stop Operators, in its ongoing battle against Gov. Gina Raimondo’s trucks-only tolling plan.
October 18, 2016Kuehne + Nagel Earnings Decline Even as Sea Freight Volume Rises
Kuehne + Nagel Inc. reported third-quarter earnings before interest, taxes, depreciation and amortization fell 3.6% to $273 million, counter to analysts’ average estimate of a 6.4% increase to $267 million.
October 18, 2016Family May Be Driving Schneider IPO
Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.
October 17, 2016Privately Owned Schneider Eyes Going Public; IPO Would Be Trucking’s First Since 2010
Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.
October 17, 2016Judge Signs Off on $28 Million Settlement Between Schneider, Truck Drivers
A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.
October 14, 2016Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed
Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.
October 14, 2016Fortress Said to Explore Sale of Florida East Coast Railway
Fortress Investment Group is exploring a sale of Florida East Coast Railway Corp., the coastal freight operator it took private in 2007, according to people familiar with the matter.
October 13, 2016Trending
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