The Dubai-based container terminal operator posted a cargo throughput of 47.5 million TEUs at its container terminals in the first nine months of 2016, a 1 percent increase from the same 2015 period on a like-for-like basis.
The commercial fleet management, dedicated transportation and supply chain solutions provider saw third quarter net income fall 6.3 percent to $85.1 million compared to the same 2015 period despite a 3.3 percent uptick in revenues.
The new GENCO multi-tenant facilities are located in Memphis, Tenn. and Milton, Ontario, comprising 1.1 million square feet and 400,000 square feet, respectively.
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The International Transport Workers’ Federation criticized the U.S. Customs and Border Protection (CBP) saying it was told by CBP that it had concerns crew could try and jump ship due to the Hanjin situation.
Various media reports have speculated the sale of South Korean liner carrier Hanjin Shipping, viewing COSCO and Maersk Line as possible buyers.
American Shipper has profiled the founders of four companies - Haven, ClearMetal, Flexport and Xeneta - that are presenting a unique approach to technology application in ocean freight.