The German forwarder discussed at a press conference in Chicago Wednesday its $137 million investment plan in the U.S. domestic and cross-border e-commerce market, along with its vast expansion in the “Windy City.”
Less-than-truckload holding company YRC Worldwide increased net income in second quarter 2016 4.2 percent to $27.1 million despite revenues falling 4 percent to $1.21 billion compared to the same 2015 period.
The Atlanta, Ga.-based parcel giant posted a net income of $1.27 billion for the second quarter of 2016 on revenues of $14.63 billion, year-over-year increases of 3.2 percent and 3.8 percent, respectively.
Registration takes less than 1 minute.
The Shanghai Containerized Freight Index fell 1.1 percent from last Friday, driven down by lower rates on the Shanghai to Northwest Europe and Mediterranean trades, which was partially offset by higher rates from Shanghai to the United States.
U.S. Customs and Border Protection has created a dedicated team to monitor violations of coastwise shipping rules as supporters tout the Jones Act's homeland security benefits.
Beware of forwarding and logistics providers that downplay the impact of new technology in the industry, but also don't bet on established forwarders going quietly into the night.