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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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.
The opening signaled the official start of the APL Logistics Oman SAOC joint venture to develop Oman as a regional logistics hub.
Seven more container shipping lines, including OOCL and ZIM, have offered to cut terminal handling charges in China, the Xinhua News Agency reported.