All Investments articles – Page 16
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CSX begins management cuts
March 10 - According to local media reports, CSX has started the process of laying off around 1,000 employees with the majority expected to take place at CSX's Jacksonville, Florida headquarters.
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No news is good news for shipping
March 9 - International accountant and shipping adviser Moore Stephens says the UK Budget 2017 contained no unwelcome surprises for the shipping industry, and some good news for the offshore sector.
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Greencarrier and JAS form alliance
March 9 - Greencarrier Freight Services and JAS Worldwide have formed an alliance to provide freight and logistics services through JAS' global network and Greencarrier's operations in the Nordic and Baltic areas, representing each other exclusively in th
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Results round up
March 8 - Gebrüder Weiss has reported total revenues of EUR1.36 billion (USD1.435 billion) for its 2016 financial year, up 6.4 percent in comparison to EUR1.278 billion (USD1.348 billion) achieved in 2015.
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Record January for Baltimore
March 7 - The Port of Baltimore, USA has reported a record month for general cargo and containers in January 2017.
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Panalpina's volumes rise while profits fall
March 2 - Despite Panalpina recording its highest air freight volumes since 2007, its gross profit margins in both air and ocean freight declined in 2016.
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Atlas Air's fourth quarter high
March 2 - Atlas Air Worldwide Holdings (AAWW) achieved record revenues for the fourth quarter of 2016, reporting an adjusted income from continuing operations totalling USD59 million, compared with USD39.4 million in the fourth quarter of 2015.
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Dundee targets oil and gas opportunities
March 1 - Forth Ports has appointed Southbay Civil Engineering to construct a quayside extension at the Port of Dundee, Scotland.
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Djibouti readies for new facility
March 1 - The Port of Djibouti's Doraleh Multipurpose Port (DMP) will be completed by the end of this month, with commissioning starting in April, after a total investment of over USD590 million.
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GPA and VPA file agreement
February 27 - The Georgia Ports Authority (GPA) and the Virginia Port Authority (VPA) have filed the East Coast Gateway Terminal Agreement with the Federal Maritime Commission (FMC).
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Bahri adds Mumbai office
February 27 - Shipping company Bahri has opened a branch office in Mumbai to strengthen its presence in the fast-growing Indian maritime industry and lay the foundations to offer diverse shipping services to domestic customers.
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A record year for the Ports of Indiana
February 23 - The Ports of Indiana has handled nearly 3.9 million tons (3.5 million tonnes) of cargo during the fourth quarter of 2016, the highest quarterly shipment total in the organisation's 55-year history.
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HLPFI adds haulage expert to editorial team
February 22 - Heavy Lift & Project Forwarding International (HLPFI) magazine has strengthened its editorial proposition and scope with the appointment of highly experienced and award winning commercial vehicle journalist and editor, Peter Shakespeare.
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DP World's Senegal expansion plans
February 17 - DP World's Group chairman and ceo has discussed the benefits of long-term partnerships between governments and the private sector for Senegal and other African nations.
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Forwarders criticise protectionism
February 16 - The International Federation of Freight Forwarders Associations (FIATA), the umbrella organisation for global freight forwarder associations, has commented on the value of free trade, trade facilitation, and trade development in the wake of
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DSV invests in Immingham
February 15 - DSV is expanding its presence in Immingham, UK, adding a 100,000 sq ft (9,290 sq m) logistics facility to its existing facility, which will be fully operational at the end of May.
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Two Grove cranes join Vernazza's fleet
February 14 - Italy's Vernazza Autogru has added two new Grove all-terrain cranes to its fleet, a GMK5250L and a GMK6400.
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Rotterdam had a healthy and stable year
February 13 - Throughput of freight in Rotterdam fell in 2016 by 1.1 percent to 461.2 million tonnes while the turnover of the Port of Rotterdam Authority remained stable at EUR675.4 million (USD718 million).
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Wilhelmsen figures on the up
February 13 - In its fourth quarter 2016 results, Wilh. Wilhelmsen Holding (WWH) reported an increase in total income and operating profit when compared to the previous quarter.
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DSV's fourth quarter high
February 13 - DSV has reported a net revenue increase of 39.8 percent in the fourth quarter of 2016, amounting to DKK17.6 billion (USD2.5 billion), which DSV claims is largely due to the acquisition of UTi Worldwide.