Industry News

Diana Containerships Inc.,, a global shipping company specializing in the ownership of containerships, today reported a net loss of $8.0 million for the second quarter of 2016, compared to a net income of $0.9 million for the respective period of 2015.. Time charter revenues, net of prepaid charter revenue amortization, were $8.0 million for the second quarter of 2016, compared to $17.3 million for the same period of 2015, mainly due to reduced employment..."/>
Diana Containerships Inc - Diana Containerships Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2016
FedEx package containing a check for $3,000, which you're urged to deposit..."/>
R.I. Department of Labor warns of scam found on EmployRI job board [The Providence Journal, R.I.]
United Technologies Corp., is releasing its new Pulse™ Health Monitoring System, a lightweight, scalable vehicle health management system designed to enable real-time evaluation of an aircraft's condition. Pulse™ HMS uses a remote sensor interface, diagnostic and prognostic analytics software modules, and wireless communication capability to perform data collection of the overall health and..."/>
UTC Aerospace Systems advanced technology to measure health of aircraft
IDEX CORPORATION announced today that it has entered into a definitive agreement to acquire SFC KOENIG AG, a global leader in the manufacturing of metal– to– metal seal and flow control solutions serving a variety of industries, for cash consideration based on an enterprise value of €217 million, subject to customary post– closing adjustments. SFC KOENIG, headquartered in Dietikon, Switzerland, produces highly engineered expanders and check valves for..."/>
IDEX Corporation to Acquire SFC KOENIG AG
Pitney Bowes Borderfree Retail Platform. SYDNEY---- Pitney Bowes Inc., a global technology company that provides innovative products and solutions to power commerce, today announced that it is expanding its business in Australia to provide global ecommerce solutions to retailers looking to sell their goods across international borders. With the Pitney Bowes Borderfree Retail solution, Australian retailers..."/>
Pitney Bowes Expands Business in Australia with Global Retail Ecommerce Solutions
Alaska Air Group Inc. netted another record second quarter profit of $263 million, the company announced July 21, and continues to pay down debt as it prepares to close a $4 billion deal to purchase West Coast competitor Virgin America. The $263 million net income is a 14 percent increase over the second stanza of 2015, which was also a quarterly record at the time. It came on the back of $1.5 billion in operating revenue, which was 4 percent year-over-year growth."/>
After another record quarter, Alaska Air joins S&P 500 Index [Alaska Journal of Commerce, Anchorage]
Daily Mail, London, business briefs column [Daily Mail, London]
Covenant Transportation Group hit a bumpier road this spring, cutting net income by two thirds on freight revenues that fell by 9.5 percent from a year ago. The Chattanooga-based trucking firm said today its second quarter net income was $3.6 million, or 20 cents per share, on revenues of $158.8 million. In the same period a year ago, Covenant reported net income of $11 million, or 60 cents per share, on revenues of $144.4 million."/>
Covenant profits, sales drop but trucking firm still beats analyst forecasts [Chattanooga Times Free Press, Tenn.]
Cubic Corp. said this week that it has landed several military training contracts totaling nearly $100 million. The company's Cubic Global Defense arm was awarded a five-year, $73 million contract to support aviation simulator training for the U.S. This is the third time in a row that Cubic has won the contract, dating back to 2005.."/>
Cubic awarded military training contracts [The San Diego Union-Tribune]
FDK Introduces New Series "Dual Tomodachi" of Digital POL
Mitsubishi Heavy Industries, Ltd. will transfer the food packaging machinery operations currently performed by Nagoya-based Mitsubishi Heavy Industries Food& Packaging Machinery Co., Ltd. to Mitsubishi Heavy Industries Mechatronics Systems, Ltd., which is located in Kobe. The integration of these operations at Kobe is being carried out as part of MHI's strategy to strengthen the structures of its businesses of small and medium..."/>
Food Packaging Machinery Operations to be Transferred to Mitsubishi Heavy Industries Mechatronics Systems
Pinnacle Financial Partners will be the first tenant in the $40 million offfice building Boyle Investment Co. will soon start building at 949 Shady Grove in East Memphis, Boyle announced Wednesday. The Nasvhille-based bank Pinnacle also has signage rights and is the construction lender for the six-story building of 155,000 square feet. The structure at the southwest corner of Shady Grove and Briarcrest will serve as the bank's Memphis headquarters starting in the..."/>
Nashville bank to anchor $40M office building planned by Boyle [The Commercial Appeal, Memphis, Tenn.]
Boeing Co. on Wednesday acknowledged that its iconic, humpbacked jetliner could be in its final days. In Boeing's 10- Q filing with the Securities and Exchange Commission, the company said it has canceled plans to return to producing one 747 a month in 2019 and is on track beginning in September to reduce production of the airplane to about one every two months. Boeing said in the filing that it has "a number of completed aircraft" that are unsold, and it has production..."/>
A Boeing classic may be in its final days [The Wichita Eagle]
CAI International, Inc. one of the world’ s leading transportation finance and logistics companies, announces the following earnings release date and conference call:. If you are unable to participate during the live conference call and webcast, the call will be archived at for 30 days. View source version on"/>
CAI International, Inc. Announces Q2 2016 Financial Release Date and Conference Call

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