TNT Express on Friday said it has entered an agreement to sell its airline operations, TNT Airways and Pan Air Líneas Aéreas, to ASL Aviation Group.
Canadian Pacific published a third white paper regarding its proposed acquisition of Norfolk Southern Corp., and the U.S. Surface Transportation Board has begun to receive letters from rail customers in support of the controversial takeover.
A $60 million upfront payment by Ports America and TIL gives the Northern California port limited recourse following their departure from Oakland Harbor Terminal, according to a research note by Fitch Ratings.
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Employees of the third-party logistics provider have claimed in a letter to U.S. Securities and Exchange Commission they were pressured to buy stock in CEVA, which then lost all their value in a restructuring, according to a report from The Loadstar.
South Korean shipping conglomerate Hyundai Merchant Marine may be looking to sell its subsidiary securities firm, tourism unit, port container terminals, or bulk carriers, according to various media reports.
Multiple 2M Alliance operated services will omit several port calls from Asia to North Europe and the Mediterranean during the traditional Chinese holiday season.