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The purchase of Memphis-based ReTrans Inc. is intended to expand K+N's North American network and sync with the third party logistics provider's ocean and airfreight businesses.
The Port of Los Angeles will begin construction this summer on a two-year project to upgrade and expand berths and backlands at the Yusen Terminals LLC container terminal.
The Federal Aviation Administration also fined Centurion Air Cargo for hazardous material safety issues.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.