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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The Israeli ocean carrier says changes to its management structure and business groups should make ZIM more agile and attentive to customer needs.
Workforce reductions affect non-sales positions like IT, human resources, and accounting and stem from XPO's 2015 acquisition of less-than-truckload provider Con-way Freight.
The expansion of the important Central American cargo gateway to accommodate larger containerships is 96 percent complete, according to the CEO of the Panama Canal Authority.