The international oil shipping services provider, which paid Bretta Tanker Holdings $15.1 million in the second quarter of 2016, saw profits for the first half of 2016 slip 11.3 percent year-over-year to $153.7 million.
The Port of New York and New Jersey, which experienced the second busiest June ever for box volumes, was called by a 10,077-TEU containership at the GCT Bayonne Terminal.
The U.S. gross domestic product increased 1.2 percent in the second quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
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Schneider has become more than just a long-haul trucker as shippers seek logistics services.
OmniTRAX’s logistics arm has begun arranging the transport of coiled steel from NUCOR Steel in Hickman, Ark. to pipe and rod manufacturer WEBCO in Sand Springs, Okla., using unit trains and its nearby transload facility for the first time.
Net orders for North American Class 8 trucks in June fell 8 percent from May and 34 percent compared with June 2015, according to preliminary data from freight forecaster FTR Transportation Intelligence.