New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
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AirBridgeCargo Airlines (ABC) appoints vice president of its Americas division, while Crane Worldwide names six new VPs, and Virgin Atlantic Cargo adds account manager in Sydney.
Chinese conglomerate HNA Holding Group Co. offered to purchase CWT Ltd. for 1.4 billion Singapore dollars (U.S. $995 million).
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.