The Mondovi, Wis.-based temperature-sensitive truckload carrier recorded earnings per share of $0.25 for the quarter, surpassing the street consensus and Stifel estimate of $0.21.
The Gulf Coast port’s total tonnage spiked 11 percent year-over-year during the quarter, while containerized cargo volumes increased 18 percent.
The Danish shipping company will use the cloud computing platform to develop digital products and services across all brands in its A.P. Moller - Maersk Transport & Logistics division.
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Federal Maritime Commissioner Mario Cordero, who will leave the agency in May to become Port of Long Beach Executive Director, said in addition to its regulatory role, the FMC has become a trade facilitator, fostering the movement of waterborne transport.
The third-busiest port complex in North America has spent billions raising the Bayonne Bridge and dredging New York harbor in preparation for larger containerships.
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.