WASHINGTON (AP) — The Federal Maritime Commission (FMC) is raising user fees by up to 650% to account for higher costs linked to staff salaries, inflation, and an electronic filing upgrade. In a Federal Register notice published Tuesday, the FMC acknowledged the increases. The agency noted that when fees were...
In 2023, how much will container lines ‘earn’? It is determined by the metric.
How much will container lines 'earn'? "Every time you hear 'EBITDA,' just substitute the phrase 'bullshit earnings,'" said Charlie Munger of Berkshire Hathaway. Different earnings metrics are highlighted by public shipping companies in different segments. Tanker and dry bulk owners are concerned with adjusted net income. Container shipping lines that...
R&R Express expands its portfolio with the addition of a fleet based in Denver.
R&R Express, a leading transportation and logistics firm, announced on Wednesday its acquisition of Load to Ride (LTR), a regional and national carrier based in Denver. This strategic move significantly broadens R&R Express's service offerings and enhances its operational capabilities. Although the financial terms of the transaction have not been...