The Montreal, Quebec-based supply chain solutions provider saw net profits jump 63.5 percent from the prior year period to $888,000 Canadian as revenues grew 11.5 percent to C$17.4 million, according to the company’s most recent financial statements.
The 2017 Great Lakes Shipping Season officially kicked off Tuesday, while the Soo Locks in Saulte Ste. Marie, Mich. are scheduled to open March 25.
Kuehne + Nagel CEO Dr. Detlef Trefzger said the global third-party logistics provider increased market share in all business units in 2016.
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The United States Maritime Alliance, the employer group that negotiates the master contract with the International Longshoremen's Association, called the ILA’s planned work stoppage threat “disturbing.”
With just a few months before the new ocean carrier vessel sharing agreement THE Alliance, of which Yang Ming is a member, is set to launch, work still needs to be done to finalize port rotations and vessel deployment plans.
According to BlueWater Reporting's Blanked Sailing's Report, a total of 188,592 TEUs are being withdrawn on the China to North America trade for the two weeks following Chinese New Year, up 50 percent from a year prior.