Hanjin Tells Major Retailers That Vessels Won't Stop in the US
Hanjin Shipping Co. won’t allow containerships anchored at sea to complete their journeys to the United States, according to an e-mail obtained by Transport Topics.
Port of Virginia Signs Long-Term Lease for Virginia International Gateway Terminal
The Port of Virginia signed a new long-term lease for the Virginia International Gateway terminal, which paves the way to expand capacity at the nation’s sixth-largest port by volume.
Peak Shipping Season Results in Record-Breaking Month for Ports
The peak of shipping season in August produced record-breaking results for almost all of the top ports across the United States, covering the period before Hanjin Shipping Co. filed for bankruptcy protection Aug. 31.
FedEx Income Rises 12.7% in First Quarter
FedEx Corp. reported net income rose 12.7%, excluding one-time costs, for the first quarter of its fiscal 2017 calendar compared with the same period last year.
Forward Air Lowers Third-Quarter Projection, Blaming Tough LTL Market
Forward Air Corp. lowered its third-quarter earnings projections, no longer confident that it’ll generate more revenue than the same period in 2015, the company announced on Sept. 20.
Fleets Fret Over Claims on Bad Hanjin Cargo
As Hanjin Shipping vessels finally arrive in the United States, some motor carriers are reluctant or refusing to accept cargo that might have been damaged because it could expose them to liability claims.
Hanjin Bankruptcy Saddles Trucking Fleets With Widespread Losses, Executives Say
Trucking companies are grappling with the financial fallout from the bankruptcy of Hanjin Shipping Co., unsure about whether they can collect on unpaid bills.
Port of Long Beach CEO Slangerup to Resign
Jon Slangerup announced his resignation as CEO of the Port of Long Beach, effective Oct. 28, to take another executive position at an aviation technology company.
Central Freight Lines Settles Workers Comp Lawsuit
Central Freight Lines and Trendsetter HR have settled a lawsuit over workers’ compensation, ending a three-year dispute.
Port of Virginia Reports $4.76 Million Profit in 2016
The Port of Virginia reported $4.76 million in profits for fiscal year 2016, which ran from July 1 to June 30.