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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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.
During the Democratic debate last night, the two presidential candidates decried the Trans-Pacific Partnership trade agreement for not protecting American workers from unfair foreign competition.
Longshoremen at the port returned to work Monday after a wildcat strike employers called "extremely disruptive" to operations and retailers said reminded them of the labor issues this time last year at West Coast ports.