The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
Overall revenues for NYK, MOL and "K" Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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The proposed alliance would become a dominant player in the three major east-west trades, beating out total capacity currently offered by the 2M Alliance on those trade lanes, according to an analysis from BlueWater Reporting.
A federal factfinding agency’s report said while lifting U.S. trade and travel restrictions to Cuba will inevitably expand exports to the Caribbean country, those opportunities in the medium term may be modest at best.
Canadian Pacific Railway has terminated efforts to acquire the number four U.S. railroad, including the withdrawal of a resolution asking NS shareholders to urge its board to engage in negotiations, according to a statement from the company.