A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall Nov. 9 as the outcome of the U.S. presidential election fanned concern there will be a shift toward policies that are hostile toward global trade.
November 9, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Shares of World’s Biggest Shipping Line Fall Amid Fears of Trade Wars
Earnings, Revenue Dip at Expeditors International
Third-quarter air and ocean volumes increased for freight forwarder Expeditors International of Washington, but profit margins declined, leading to dips in revenue and net income for both the three- and nine-month periods ended Sept. 30, the Seattle-based firm said Nov. 8.
Cargo Owners in Flight to Safety After Hanjin Collapse, Shipping Lines Say
SHANGHAI — Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co., top shipping executives said.
As Holidays Approach, Stores Struggle to Sort Out Hanjin Shipping Mess
The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company’s sudden collapse two months ago.
XPO Logistics Sells Truckload Unit, Posts Record Third-Quarter Profit
The North American truckload landscape has shifted with XPO Logistics selling its Con-way Truckload business to Canadian transportation conglomerate TransForce Inc. for $558 million.
Leased Hanjin Containers Going Back to Asia
Containers that were leased to Hanjin Shipping Co. and stuck at the trucking company’s yard can now be returned to the Port of Long Beach, California, and loaded onto a vessel chartered to take them back to Asia.
November 4, 2016Police Organization Urges Regulators to Refine Speed-Limiter Proposal
The National Fraternal Order of Police called on federal transportation regulators to gather additional information and refine a speed-limiter proposal for trucks.
November 3, 2016Nolan Logistics Expands Electric Truck Fleet
Nolan Logistics is taking delivery of its eighth T-Series pure electric terminal truck from electrification provider Orange EV, the companies said.
November 3, 2016XPO Logistics Reports 3Q Profit, Reversing Last Year's Losses
XPO Logistics reported a profit in the third quarter compared with a loss last year, another sign that the company has rebounded from the losses it suffered from since 2013.
Profits at World’s Largest Container Line Drop 43%
A.P. Møller-Maersk A/S, owner of the world’s largest container line, reported a 43% decline in third-quarter profit as the shipping industry continues to suffer from overcapacity.
November 2, 2016