The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
The port terminal operator arm of China COSCO Shipping saw earnings sink 65.6 percent to $37.6 million in first quarter 2017 despite a 7.5 percent increase in container throughput compared with the same 2016 period.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
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Federal Maritime Commission Acting Chairman Michael Khouri said he is committed to eliminating rules that are outdated or impede the efficient operation of business.
Furie Operating Alaska has agreed to pay $10 million for transporting an oil rig from the Gulf of Mexico to Alaska on a foreign-flag ship.
Bureau Veritas promotes senior executive vice president, while Greenville & Western Railway Co. appoints general manager and manager of mechanical and transloading, and Glander International Bunkering hires two new traders in Mumbai.