Business

Hapag-Lloyd Posts Operating Profit in Q4 2015

Hapag-Lloyd has achieved its earnings targets for 2015 and also in Q4 significantly improved its operating result (EBIT) versus prior year. Based on the preliminary unaudited figures, Hapag-Lloyd increased operating earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) to EUR 831.0 million (2014: EUR 98.9 million) and the operating result (EBIT) to EUR 366.4 million (2014: EUR -382.8 million) in 2015. The EBITDA margin of 9.4% is in ... [+]

Maersk, MSC, 13 Other Shipping Firms to Change Pricing Methods

To settle a two-year EU antitrust investigation, the world’s No. 1 container liner Maersk, Swiss peer MSC and 13 other shipping firms have offered to change their practices, reported the European Commission on February 16. The companies include No. 3 player CMA CGM, Taiwan’s Evergreen Marine, ... [+]

Port of Virginia Volumes Up for FY, January; RMT Handles Nearly 1,300 Containers

The Port of Virginia reports that for the seven months of its fiscal year 2016, the volume of TEUS increased nearly 3%. The strongest segment of growth was rail cargo, which is up 6.5% when compared with last fiscal year. In January, the port handled 192,844 ... [+]

Intelligent Audit honored as a top freight management solution provider

Intelligent Audit was named one of the top freight management solution providers by Logistics Tech Outlook in the magazine's February issue. Logistics Tech Outlook's annual Top 10 list showcases the most promising freight management solution providers for 2016. Companies are selected by a panel of experts ... [+]

FAA Administrator Visits Singapore

Federal Aviation Administration (FAA) Administrator Michael Huerta signed a milestone Maintenance Implementation Procedures (MIP) agreement on February 16 with the Civil Aviation Authority of Singapore (CAAS). He is visiting the Singapore Air Show and meeting with Association of Southeast Asian Nations (ASEAN) aviation leaders this ... [+]

CH Robinson Opens CCSF in Carson, CA

To better support air service in the Los Angeles area, reduce delays for customers, and improve tracking capabilities, C.H. Robinson company has opened a new state-of-the-art certified cargo screening facility (CCSF) in Carson, CA. This is the second CCSF operated by C.H. Robinson. The first facility ... [+]

FAA Proposes Penalties Against DHL

The Department of Transportation’s Federal Aviation Administration (FAA) proposes seven civil penalties totaling $455,000 against DHL Express (USA), Inc, of Plantation, FL, for allegedly violating Hazardous Materials Regulations. In each case, the FAA alleges the company accepted shipments that were not properly prepared for air transportation, ... [+]

Annual cargo volumes at the Port of New York and New Jersey beat the previous record by more than 10% according to figures released today.

The port handled 6,371,720 TEUs (or 3,664,013 cargo containers) in 2015, an increase of 10.4% over the previous record set in 2014. The record volumes allowed the port to maintain its position as the busiest on the East Coast with nearly 30% of the nation’s total ... [+]

TNT Signs Conditional Sale Agreement with ASL Aviation

TNT Express N.V. has signed an agreement to sell its airline operations TNT Airways and Pan Air Lineas Aereas to ASL Aviation Group, conditional on the completion of FedEx' intended acquisition of TNT, which is expected in the first half of 2016. The change of ownership ... [+]

UPS Global Logistics Helps Cupid with 100 Million Flowers

Cupid will receive a helping hand this Valentine’s Day, as UPS fills its network this week with flowers, steaks, sweets and gifts. UPS will move more than 100 million flowers -- or 9 million pounds, to love birds around the United States. That’s enough to fill ... [+]

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