Tighter Brokerage Margins Crimp 3PL Profits
Third-party logistics companies reported a flurry of quarterly earnings, many with lower profits compared with a year ago.
February 13, 2017Intermodal Rail Traffic Up as Turnaround Takes Hold
Intermodal rail traffic grew slightly in the fourth quarter, but it wasn’t enough to reverse a 2.1% decline in total volume for 2016, according to the Intermodal Association of North America.
February 13, 2017Sanity Returning to Shipping as Freight Rates Gain, Maersk Says
The bankruptcy of South Korean ocean carrier Hanjin Shipping Co. and consolidation in container shipping will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
February 10, 2017Consumer Sentiment Cooled in February on Views of Finances
Consumer confidence retreated in February from a 13-year high, as Americans tempered expectations of their finances and the economy.
February 10, 2017Private Equity Group Buys Stake In Evans Network of Cos.
Calera Capital has acquired a majority stake in the Evans Network of Cos., but CEO Bo Bates, the Evans family and management will retain a significant equity interest in the business, according to a Feb. 9 announcement.
February 9, 2017World’s Biggest Shipping Company Voices Alarm at Trump Trade War
A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, is paying particular attention to noises coming from the United States that suggest the new administration is moving closer to a trade war with China.
February 8, 2017Maersk Slumps as It Unveils Second Loss Since World War II
A.P. Moller-Maersk A/S unexpectedly lost money in 2016 as Denmark’s biggest company wrote down the value of some of the energy assets it plans to split off.
February 8, 2017Editorial: Let’s Get Started, Secretary Chao
While Republican leaders in Congress seem to be in no hurry to address the country’s infrastructure, there’s an entirely different feeling surrounding President Trump’s pick to be transportation secretary, Elaine Chao, who was confirmed easily last week.
February 6, 2017Washington State Audit: Port of Seattle Illegally Gave Out $4.7 Million in Raises
The Port of Seattle illegally gave out nearly $5 million in raises to hundreds of employees about a year ago, a Washington state audit has concluded.
February 5, 2017Secret Pay Raise, Improper Gifts: Inside Port of Seattle CEO's Abrupt Departure
The CEO of the Port of Seattle secretly gave himself a $24,500 raise, improperly accepted travel gifts and sports tickets from port customers and apparently steered port business to his father's company before leaving, officials revealed Feb. 3. There also were reports of a potential sexual-harassment complaint on top of an ongoing DUI case against him.
February 5, 2017