Maersk Line, the worlds largest container shipper, reported a 57% jump in first-quarter net operating profit after tax to $714 million, missing the $783 million estimate in a survey conducted by SME Direkt.
May 13, 2015Business, Logistics
SCI Logistics Opens Health-Care Distribution Facility in Toronto Area
SCI Logistics said it has opened a new facility in the Toronto area to provide supply-chain services for the health-care industry.
May 15, 2015Business, Logistics
Maersk Line Profit Jumps 57%
Business, Logistics
American Society of Transportation and Logistics, APICS to Merge
The American Society of Transportation and Logistics and APICS, an association representing supply chain and operations management professionals, have agreed to merge.
May 12, 2015Business, Logistics
Americold Launches Enhanced Visibility and Reporting Tool
Americold, a provider of temperature-controlled warehousing and logistics to the food industry, said it has launched the next generation of its supply chain visibility and reporting tool, i-3PL.
May 8, 2015Business, Government, Safety, Logistics, Autonomous
American Fast Freight Buys Caribbean Shipping Services
American Fast Freight Inc., a logistics and trucking operator, announced the acquisition of Caribbean Shipping Services Inc. to expand in the U.S.-Puerto Rico ocean shipping market.
May 8, 2015Special Coverage, Business, Logistics
Texas Lawmaker Backs State Programs That Promote Natural Gas, Alternative Fuels
DALLAS A Texas state lawmaker said he backs incentives that increase the use of natural gas and other alternative transportation fuels.
May 7, 2015Business, Safety, Government, Logistics, Fuel
BNSF Oil-Train Derailment Sets Tank Cars on Fire in North Dakota
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said.
May 6, 2015Business, Logistics
XPO Logistics Agrees to Acquire Bridge Terminal Transport; Posts Narrow 1Q Loss
XPO Logistics reached an agreement to buy yet another transportation provider May 4and posted first-quarter financial results with a narrowing loss even as revenue soared.
May 4, 2015Business, Logistics
XPO Goes Global in $3.5 Billion Deal
XPO Logistics Inc. last week made its first foray into the global market with an agreement to buy French company Norbert Dentressangle SA for $3.53 billion, the latest move in the consolidation trend in the logistics sector.
May 4, 2015Business, Logistics
March Trailer Orders Drop, but Large Backlogs Remain
March orders for new trailers fell 22% from a year earlier, but manufacturers remain busy with a heavy backlog generated by an epic order season over the past several months, ACT Research said.
May 4, 2015