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Deutsche Post DHL Group reported consolidated net profits of 49 million euros for the third quarter of 2015, an 89.5 percent year-over-year decline, which primarily resulted from a decline in earnings before interest and tax.
Exports from the second largest economy in the world dropped for the fourth consecutive month, while Chinese imports continued to tumble, dropping nearly 19 percent compared to October 2014.
XPO Logistics, which announced Friday it had finalized its $3 billion acquisition of trucking and logistics provider Con-way Inc., will cut more than 10 percent of current Con-way staff at its Ann Arbor, Mich. headquarters and Portland, Ore. IT center.
With world leaders convening in Paris for global talks on how to slow climate change, the shipping industry says it is doing its part and ocean carriers say more efforts are underway to lower carbon dioxide output from vessels.
Jamaica will use SOGET's port community system to provide a single platform for submission of key logistics and compliance data as the country looks to grow its container volumes after the completion of the Panama Canal expansion.
While some containers will flow to Portland, others will be loaded on trains in Boardman, Oregon for shipment through Seattle and Tacoma.