The airfreight carrier transported 218,000 metric tons of cargo during the year despite a reduction in revenues caused by route changes driven by passenger demand, according to John Lloyd, senior vice president of cargo at Virgin Atlantic.
The port terminal operator arm of the recently merged China COSCO Shipping saw earnings tumble 42.5 percent to $247 million for the full year in 2016 despite a 1.2 percent increase in revenues compared with the previous year.
The e-commerce giant may have competition in its bid for Dubai-based online retailer Souq.com, however, as Emaar Malls has submitted a competing offer, according to reports from multiple media outlets.
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The International Longshoremen’s Association is calling for a shutdown of ports along the Atlantic and Gulf Coasts, and a march in Washington.
Hyundai Merchant Marine said it expects to receive funding from a new South Korean government shipping entity, which will buy and charter back vessels to the shipping company.
Redwood Logistics names senior vice president of strategic sales, while Reading & Northern Railroad hires SVP of coal, Port of New Orleans adds a board member and CenterPoint Properties appoints marketing director.