The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
United States gross domestic product increased 1.2 percent in second quarter 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
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The proposed change would give NVOs and import buyers the ability to directly transmit the Importer Security Filing, which is expected to improve security and eliminate confusion over who should file.
The world’s largest convenience store chain teamed up with independent drone delivery service Flirtey and the Nevada Institute for Autonomous Systems to conduct the first fully autonomous aircraft delivery to a U.S. customer.
The third-party logistics company is closing a distribution center in southeast Memphis, which will result in the largest lay off announced by any company in the Memphis metro area so far this year.