FedEx Corp. reported earnings of $1.45 per diluted share for the first quarter ended August 31, 2012, compared to $1.46 per share last year. Revenues were $10.79 billion, up 3 per cent from $10.52 billion a year ago. Net income declined 1 per cent from last year’s level of $464 million, to $459 million. (more…)
Hapag-Lloyd has announced plans to add an Eastbound call at Lisbon to its Med Canada Service itinerary as first European port of call as from October 2012. This step will not only reduce transit time from Montreal to Portugal to 9 days, but will also provide new opportunities for exporters from Lisbon.
Connections to further Mediterranean destinations, West Africa, Far East, India, Middle East and North America can be offered via Hapag-Lloyd’s hub ports of Algeciras and Cagliari as well as via Valencia.
Cargo shipments on the St. Lawrence Seaway increased by 7 per cent in August compared to the same month last year as buoyant export trade of North American iron ore and coal to Europe and China continues. (more…)
On September 20, George H. Cohen, Director of the (U.S.) Federal Mediation and Conciliation Service (FMCS), issued the following statement concerning the present round of labour negotiations between the International Longshoremen’s Association and the United States Maritime Alliance (more…)
The redevelopment of Pier 22 at Port of Hamilton has been named as one of four finalists in the “Excellence in Project Development at the Neighbourhood Scale” category for the Canadian Urban Institute’s Brownie Awards, a national award program that recognizes leadership and innovation in brownfield redevelopment. (more…)