The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
The port terminal operator arm of China COSCO Shipping saw earnings sink 65.6 percent to $37.6 million in first quarter 2017 despite a 7.5 percent increase in container throughput compared with the same 2016 period.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
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The Taiwanese ocean carrier reported a loss of 14.91 billion Taiwan new dollars (U.S. $492.1 million) for the full year in 2016 compared with TWD 6.46 billion the previous year, according to the company’s latest filing with the Taiwan Stock Exchange.
French state railway subsidiary SNCF Logistics and Marseilles-based shipping container technology firm Traxens have been conducting collaborative research for the past year on a real-time rail tracking system expected to be operational in second half 2017.
U.S. Customs and Border Protection is ready to follow through on President Trump’s directives to whittle down the number of regulations on the books, but CBP Acting Commissioner Kevin McAleenan assured that facilitating trade flows will remain a priority.