New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
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The ranking member of the House Transportation and Infrastructure Committee introduced the Investing in America: A Penny for Progress Act, which aims to raise roughly $500 billion in transportation infrastructure funding via 30-year Treasury bonds.
Future safety gains in the freight transportation industry “are being held back by government red tape that stifles innovation and improvement,” according to a new report from the Competitive Enterprise Institute.
BlueWater Reporting has provided an update on what information is available in regards to the new ocean carrier alliance networks scheduled to take effect in April.