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 intermodal equipment leasing company may look for an individual buyer or try to go public, and ocean carrier United Arab Shipping Co. has selected TRAC as its sole chassis supplier in the United States.
The French ocean carrier transported 2.9 percent more containers, but saw the average freight rate tumble 17.6 percent when compared to the first quarter of 2015.
The digital platform launched by a startup company two years ago to match shippers with unused capacity in the short-haul truckload and less-than-truckload market has cut its workforce by 50 percent, according to a report from Business Insider.