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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DHL Parcel names new CEO, while CEVA Logistics appoints executive VP in charge of its South America business.
Net orders for North American Class 8 trucks in January dropped 48 percent year-over-year to 18,062 units, according to preliminary data from freight forecaster FTR Transportation Intelligence.
The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a statement.