Deere and Caterpillar are facing a lackluster year as equipment sales soften amid lower commodity prices and market uncertainty.
The fast-evolving supply chain technology market prompted the global forwarders to take over Forward Computers, which will be run under a joint venture as an independent business.
The declines in the carrier’s first-quarter net profit and revenue came despite an almost 12% jump in its container volumes to 5.6 million TEUs.