Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
The U.S. Gulf Coast port handled 1.09 million TEUs during the first half of 2016, a 4 percent decline from the corresponding period in 2015.
ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an undisclosed sum.
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The French ocean carrier began operating the Kingston Container Terminal last Friday under a concession it won last year.
The vessel sharing alliance, which expects to launch in April 2017, is contemplating initially deploying up to 175 container vessels in U.S. trades, according to a Federal Maritime Commission filing.
The terminal operator said all of its gate operations are running normally, with vessel schedule integrity remaining unaffected by the new verified gross mass rule, which took effect last Friday.