The tank barge operator saw increased diesel revenues but fell flat on marine revenues and net earnings.
In segments described as liner or containership operations, NYK, MOL and “K” Line reported a combined loss of 77 billion yen (U.S. $691 million) for the fiscal year ending March 31, 2017, resulting from historically low freight rates.
United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in three years, according to the “advance” estimate from the Department of Commerce.
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DHL Global Forwarding launched a weekly less-than-container load service that offers 9-day port-to-port transits from New York to Cartagena, Colombia.
House members question whether the Shipping Act should be revised, and also said there is a need to protect domestic tugboat and terminal companies.
DHL Supply Chain will acquire Polar Transportes, which provides transportation services to the Life Sciences and Healthcare industry in Brazil.