FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
The French ocean carrier received confirmation today for its estimated $2.4 billion acquisition of Neptune Orient Lines and its APL container shipping subsidiary by the Anti-monopoly Bureau of the Chinese Ministry of Commerce.
The seasonally adjusted For-Hire Truck Tonnage Index equaled 134.8 for the month, down another 2.1 percent from March and 2 percent compared with April 2015, according to the American Trucking Associations.
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The South Florida port became the latest seaport to offer shippers the option of using scales at inbound gates to measure container weights on their behalf and relay the information to ocean carriers.
The German ocean carrier decided to postpone its annual general meeting originally scheduled for June 1 for a later date, due to continuing talks with UASC about a combination of their container shipping activities.
The Roadrunner Transportation Systems' subsidiary will open a new facility in Plainfield, Ind. next week, featuring 300,000 square feet of warehousing space.