Business news – Page 139
-
News
Atlas posts profit drop
August 4 - Atlas Air Worldwide Holdings has recorded an income from continuing operations of USD20.9 million in the second quarter of 2016, compared with USD28.4 million for the three months ended June 30, 2015.
-
News
RHA pursues truck cartel claim
August 2 - The UK's Road Haulage Association (RHA) has sought legal advice and intends to pursue the case for compensation from the truck manufacturers that were identified as being involved in a coordinated truck price fixing cartel.
-
News
Grants awarded to six US ports
August 1 - Six TIGER (Transportation Investment Generating Economic Recovery) grants, totalling USD61.8 million, have been awarded to seaports in the USA or projects directly aiding the efficient movement of goods to and from the country's ports.
-
News
Omni Specialized now in operation
July 27 - In the USA, Omni Holdings has announced that its Omni Specialized subsidiary is now in full operation after it acquired the flatbed assets of Tennant Truck Lines.
-
News
K+N turnover down, profit up
July 25 - Kuehne + Nagel International (K+N) posted a slight decrease in turnover for the first six months of 2016, while it recorded an 8 percent increase in gross profit to CHF3.25 billion (USD3.29 billion).
-
News
Two up at Chi Deh
July 22 - Taiwanese crane contractor Chi Deh has added two new Liebherr LTM 1300-6.2 mobile cranes to its fleet.
-
News
Throughput down in Rotterdam
July 21 - The Port of Rotterdam handled 3 percent less cargo in the first half of 2016 than it did in the same period last year.
-
News
Truck manufacturers fined for price fixing
July 21 - The European Commission has found truck manufacturers - MAN, Volvo/Renault, Daimler, Iveco and DAF - guilty of breaking EU antitrust rules, by colluding for 14 years on truck pricing and passing on the costs of compliance with stricter emission
-
News
Panalpina responds to oil and gas slump
July 20 - Due to the continuing slowdown in the oil and gas business, Panalpina recognised a restructuring cost of CHF26 million (USD26.3 million) in the second quarter of 2016, leaving it with an adjusted consolidated profit of CHF47.9 million (USD48.4 m
-
News
Breakbulk struggles at NWSA
July 20 - The Northwest Seaport Alliance (NWSA) handled 93,975 tonnes of breakbulk cargo in June - a 36 percent decrease compared with the same period of 2015.
-
News
Antwerp inks Iranian collaboration
July 19 - The Antwerp Port Authority has signed a memorandum of understanding (MoU) regarding collaboration with Shahid Rajaee Port Authority, which controls the Port of Bandar Abbas in Iran.
-
News
MeeMaken acquires Kenz Figee
July 18 - Offshore crane and equipment manufacturer Kenz Figee has been acquired by investment company MeeMaken.
-
News
Hapag-UASC merger agreed
July 18 - Hapag-Lloyd and United Arab Shipping Company (UASC) have concluded a business combination agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals.
-
News
Liebherr makes Argentinian sale
July 18 - Argentinian crane rental company Gruas Londres has taken delivery of a 200-tonne capacity Liebherr LTM 1200-5.1 mobile crane.
-
News
Silk Way orders AN-124
July 15 - Ilyushin Finance Company (IFC) says it has signed an agreement with Silk Way Airlines, which will see the Baku, Azerbaijan based airline take delivery of an AN-124-100 freighter.
-
News
Bravo orders ten from Lockheed
July 14 - Bravo Industries, the Brazilian logistics and defence group, has ordered ten new-generation 'Super Hercules' commercial freighters, which it plans to use to reach the country's 'underserved regions' that lack ground support and critical infrastr
-
News
Benin port ups lifting capacity
July 14 - APM Terminals Cotonou (Coman) has added two new Liebherr mobile harbour cranes to its terminal at the Port of Cotonou in Benin.
-
News
Volga-Dnepr finalises Boeing order
July 12 - Volga-Dnepr Group and Boeing have finalised terms for the acquisition of 20 B747-8 freighters, four of which have already been delivered.
-
News
Qatar Airways flying high
July 11 - Qatar Airways Cargo has reported a record 2016 fiscal year, growing to the third-largest cargo operator in the word and increasing its freighter destinations to 54.
-
News
Boskalis to axe ships and staff
July 8 - Royal Boskalis Westminster (Boskalis) is making good on its prediction in March and has announced that it will go ahead with plans to retire ships and make wholesale redundancies across the company.