Rather than pursue a potentially damaging proxy fight to install new leadership, Canadian Pacific is asking NS shareholders to urge the company’s board to “engage in good faith discussions with CP.”
A new position paper from the Agriculture Transport Coalition lays out options such as delaying enforcement of the SOLAS verified gross mass requirement or allowing weight variance, and requests a congressional inquiry into the IMO.
The less-than-truckload rivals are involved in a legal dispute over the hiring practices of YRC, which allegedly lured away two high-level XPO executives who were contractually bound not to work for a close competitor or divulge proprietary information.
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The Hong Kong-based third-party logistics provider told analysts on a conference call it plans to acquire a 51 percent stake in an unnamed U.S. freight forwarder within two months, according to a report from the Jefferies Group.
Importers, brokers and Customs are behind on software integration and testing of CBP's Automated Commercial Environment and the Feb. 28 deadline for filing entries needs to be postponed to avoid cargo delays in ports, according to the NCBFAA.