The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trading of shares in troubled Taiwanese ocean carrier Yang Ming have been suspended on the Taiwan Stock Exchange until at least May 4 as the firm prepares to reduce its equity capital by over 50 percent, according to multiple media reports.
The truckload transportation and logistics provider’s net income for the quarter tumbled 20.3 percent to $16 million compared with the same 2016 period even as revenues grew 3.8 percent to just over $501.2 million.
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The freight forwarding unit of European rail giant Deutsche Bahn AG saw earnings before interest and taxes increase 3.8 percent to 410 million euros (U.S. $438.5 million) on revenues that slid 2.2 percent to 15.1 billion euros in 2016.
Kansas City Southern (KCS) said in a statement it “respectfully disagrees” with a preliminary report from Mexico's Federal Economic Competition Commission (COFECE) that found a lack of competition between KCS and other operators in the country.
Twill, the new digital freight forwarding start-up, will officially be open to new customers from April 10, allowing users to instantly place bookings, manage documentation and track shipments.