Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most recent financial statements.
Canada's Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
The TMS provider was acquired by fellow logistics software firm Kewill in April, and the companies are progressing on merging products and organizations, Lean executives said in a briefing.
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The international financial institution lowered its outlook for global growth as business spending sags in advanced economies, while commodity exporters in emerging markets struggle to adjust to low prices.
After a weak first quarter in 2016, east-west capacity rebounded slightly in advance of the traditional summer peak season, but overcapacity, decreased volumes and low rates continued to drive carriers into the ever-changing alliance game.
The 10,000-TEU MOL Benefactor, currently serving on the G6 Alliance’s Asia-U.S. East Coast NYX loop, will be the first container vessel to call a USEC port after transiting the newly opened Panama Canal expansion.