Kansas City Southern reported its profit in the third quarter jumped 31.2 percent, from $90.7 million in 2012 to $119 million in 2013.Read more: KANSAS CITY SOUTHERN'S 3Q PROFIT JUMPED 31.2 PERCENT
Hanjin Shipping plans to leave the Port of Portland, Ore., to cut costs, according to the port.
Read more: HANJIN SHIPPING TO STOP CALLING AT PORT OF PORTLAND, ORE
After nearly two decades of service to the port, the carrier has confirmed that it will end its weekly service in January, putting the port’s container terminal and regional economy at risk, The Oregonian reports. The move is expected to hurt big importers such as Fred Meyer and Columbia Sportswear, as well as exporters, who will now have to pay more to truck containers to the Port of Seattle. The pullout will also end a $250,000 weekly payroll for longshore workers who load and unload the vessels at Terminal 6.
The P3 Network alliance among the world’s three largest container carriers will operate a fleet of 255 ships with total capacity of 2.6 million 20-foot-equivalent units on 27 service loops in the Asia-Europe, trans-Pacific and trans-Atlantic trades, according to details released by Mediterranean Shipping Co.Read more: P3: 255 SHIPS, 2.6 MILLION TEUs, 27 SERVICES
Join us for the first ICT event, you will get to know the latest technology in the market with a special member price. Stand a chance to win a Latitude 10 Windows 8 Tablet PC.
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Date & Time: 10 Oct 2013, 9.00am – 4.00pm
Venue: Premiere Hotel, Klang
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