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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Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.
An MSC spokesperson told American Shipper the reason it sold its interest in Genoa, Italy-based logistics company Aprile to Savino Del Bene was to exit the freight forwarding business.
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.