The transportation management company posted a net income of $20.7 million on revenues of $856 million for the second quarter of 2016.
Rates from Shanghai to Northwest Europe, which hold a 20 percent weight on the overall index, skyrocketed 57.8 percent since last week, from $713 per TEU to $1,125 per TEU.
The Dubai-based port terminal operator signed a 30-year lease with Port Saint John on the East Coast of Canada to operate its West Side Container Terminal, DP World and port officials said in a joint statement Thursday.
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Some logistics providers remain skeptical about how well it will work for ports to weigh containers and transmit the data to carriers on behalf of shippers.
House lawmakers and port authorities want the U.S. Customs and Border Protection to allocate more new personnel to ports, allowing for cargo and cruise passengers to be cleared faster for entry.
Ocean carrier Hyundai Merchant Marine, which has been struggling to turn a profit in recent years, signed a memorandum of understanding with 2M Alliance members Maersk Line and MSC to join their major east-west vessel sharing agreement.