Huge jump in China Merchants Port Holdings’ revenues and profits

Pictured: Hong Kong dollars. China Merchants Port Holdings recently reported revenues of HK$10.16 billion (US$1.29 billion). Photo: Shutterstock. Ports, logistics and finance conglomerate China Merchants Port Holdings announced a massive jump in operating revenues and a rise in profits for the year ended December 31, 2018. Hong Kong Stock Exchange-listed China Merchants, which operates box …

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Six percent increase in global box throughput for port operator China Merchants

Pictured: the Hong Kong skyline at sunrise. China Merchants is headquartered in Hong Kong. Photo: Shutterstock. Global mega-box port operator China Merchants Port Holdings recorded a 6 percent increase in its world box throughput in 2018 compared to the year before. The Hong Kong Stock Exchange-listed port operator revealed its throughput details while disclosing that …

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C.H. Robinson announces interim CFO and new reporting structure

C.H. Robinson’s Chicago offices. (Photo: C.H. Robinson) C.H. Robinson (NASDAQ: CHRW ) announced Monday afternoon following the close of the trading day that the third-party logistics provider had named Scott Hagen, Corporate Controller, to Interim Chief Financial Officer (CFO), effective immediately. This announcement comes just a day after former C.H. Robinson CFO Andrew Clarke’s resignation, …

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Carbon tax hits diesel prices in four Canadian provinces

Canadian carriers face higher fuel prices because of a federal carbon tax. Image: iStock Diesel got more expensive in four of Canada’s provinces, including Ontario, as a federal carbon surcharge took effect today, April 1. The price of diesel will increase by about C$0.054 per liter or about C$0.20 per gallon (a Canadian dollar currently …

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Manhattan traffic bad? Fuhgeddaboudit! New York City plans to adopt first city tolls by 2021

Big Apple’s traffic is rotten to the core thanks to rise of on-demand economy; congestion pricing may be cure, but uncertainties abound. New York’s plan to toll vehicles entering the lower third of Manhattan is the unintended consequence of two of the hottest trends in transportation right now – ride-sharing and on-demand delivery. Companies in …

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Bridge railing collapse could have lasting impact on freight in Chattanooga

Image: Twitter/Chattanooga Fired Department All lanes of I-75 North to I-24 West in Chattanooga, Tennessee were blocked Monday after a concrete railing collapsed onto the roadway from the interchange above. A railing on a portion of I-75 South crumbled late this morning, hitting a car below, but only generated minor injuries to one person. Tennessee …

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