Less-than-truckload holding company YRC Worldwide saw net income in third quarter 2016 slide 29.8 percent to $13.9 million, but earnings were still up 19.8 percent through the first nine months of the year compared to the same 2015 period.
International Airlines Group subsidiary IAG Cargo had revenues of 240 million euros for the third quarter of 2016, down 7 percent from the third quarter of 2015.
DHL Supply Chain picks transportation president, while Kane Is Able names senior VP of transportation and solutions.
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Peak season capacity took a major hit in third quarter 2016 as carriers scrambled to replace services interrupted by Hanjin Shipping’s Aug. 31 bankruptcy announcement.
The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
Assets related to the South Korean shipping company’s services to the United States will be put up for sale as soon as tomorrow, multiple press reports said Thursday.