Major freight railroads in the United States employed 152,486 workers as of the middle of September 2016, down 0.17 percent from the previous month and 8.7 percent year-over-year, according to data from the Surface Transportation Board.
RoadOne IntermodaLogistics has acquired Milford, Conn.-based C & V Transportation in an effort to expand its operations in southern New England and the Port of New York and New Jersey, the company said in a statement.
The deferred airfreight transportation services and drayage provider’s third quarter 2016 net income fell 24.2 percent to $11.9 million compared with the same 2015 period, according to the company’s most recent financial statements.
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Geneva-based Mediterranean Shipping Co. has confirmed it is looking to buy the now insolvent South Korean shipping company’s 54 percent stake in the Southern California container terminal.
Six armed men boarded the 1,708-TEU containership Windhoek yesterday while it was at anchor in West Africa, stealing money and valuables before fleeing the scene, according to a report from maritime news outlet Splash 24/7.
The total bill for bankruptcies and bailouts in South Korea’s ocean freight transportation and shipbuilding sector could also result in redundancies and layoffs of around 10,000 workers, according to a recent report from the International Monetary Fund.