The Class I railway’s net income rose 12 percent year-over-year in the first quarter of 2017 to $433 million, despite inflation and higher fuel costs.
However, Ryder’s revenues for the quarter rose 7 percent year-over-year, driven by higher fuel costs passed through to customers.
Ships carrying up to 9,800 TEUs can now call terminals west of the Bayonne Bridge without worrying about tidal conditions now that U.S. Coast Guard Sector New York and pilot organizations lifted air draft restrictions.
Registration takes less than 1 minute.
The Swiss-based third-party logistics provider signed a memorandum of understanding (MOU) with Alibaba.com, combining its global logistics network with Alibaba’s expertise in B2B e-commerce to offer China-based shippers e-commerce logistics solutions.
Orient Overseas (International) Ltd. Chairman C.C. Tung said 2016 saw some of the most difficult markets and an overhang of capacity.
The Port of Oakland handled less container volumes in February compared to a year earlier due to inclement weather and the Lunar New Year, which began Jan. 28 this year.