Tailwind Capital has acquired the third-party automotive logistics provider from Corinthian Capital Group for an undisclosed sum, according to statements from the firm and BB&T Capital Markets, which served as financial advisor to MetroGistics.
Anchorage, Alaska-based Northern Air Cargo will commence a twice-weekly freighter route connecting Miami International Airport with Puerto Rico and Saint Martin, and two weekly routes between MIA and the Dominican Republic.
The third-party logistics provider’s earnings per share for Q3 2016 fell short of analyst expectations, largely due to net revenue margin pressure as contractual sell rates fell faster than spot buy rates, William Blair Equity Research said.
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The European software company NaviTrans, which provides systems to forwarders, will enable access to INTTRA’s booking, shipping instructions and tracking solutions.
Transportation planners and industry executives briefed House lawmakers last week on progress made so far with implementing freight provisions of the FAST Act.
U.S. Customs and Border Protection will begin taking registration Thursday for its annual Trade Symposium, which will focus on how trade impacts health, safety and economic prosperity.