Business
Atlas Air Worldwide Holdings, Inc. announced first-quarter 2021 net income of $89.9 million, compared with $23.4 million in the first quarter of 2020. On an adjusted basis, EBITDA rose to $181.3 million in the first quarter of 2021 compared with $121.2 million in the prior-year period. Adjusted net income grew to $72.2 million in the first quarter of 2021 compared with $29.9 million in the prior-year period. “Our performance ...
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A recent study shows that in March 2021, avocado imports to the US from Mexico are up 61% compared to the same month last year. Of course, this is driven by the Cinco de Mayo holiday on May 5, but this type of increase ...
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Exports via the Stockholm Norvik Port container terminal continue to rise. The shortage of empty containers in Sweden, and in other parts of the world, has created other export routes. The unique access to empty containers at Stockholm Norvik has led to more and more ...
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IntermodaLogistics, announced a strategic partnership with Kinimatic to significantly extend its warehousing and transload capabilities nationwide.
With this collaboration, RoadOne’s shipper customers will have access to Kinimatic’s comprehensive national network of storage and fulfillment services to address the need for expedited local delivery. The increase in ...
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With increasing volumes of cargo being experienced on its LCL and FCL rail freight services between China and Europe, the U-Freight Group says that the recent problems in the Suez Canal have made the transport of freight by rail from China into Europe look all ...
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The Long Beach Board of Harbor Commissioners have approved a new sublease agreement with Space Explorations Technologies Corp. – known widely as SpaceX – to provide the company with a marine terminal for its West Coast rocket recovery operations. On May 1, the pioneering space ...
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The Port of New Orleans (Port NOLA) and the St. Tammany Corp. have entered into a Memorandum of Understanding (MOU) to work together to grow trade, as well as to support existing and new business relationships for the benefit of the region and state of ...
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The volume of freight handled in the Port of Rotterdam in the first quarter of this year totalled 115.8 million tonnes. This constitutes a 3.0% increase over the same period last year. As such, the port of Rotterdam has set a new step in its ...
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Agility and DSV have reached an agreement that DSV will acquire Agility's stand-alone GIL business in an all-share transaction. DSV will issue 19,304,348 shares, representing approximately 8.0% of all post-transaction outstanding shares of DSV. Based on the DSV share closing price of DKK 1,299.5, and ...
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At the Georgia Foreign Trade Conference (GFTC) held in late April, the Georgia Ports Authority released fiscal year to date numbers (July -March) showing record volumes of 3.9 million TEUs, an increase of 15%, and detailed a plan that expedites completion of more than 1.4 ...
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