The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.
Richard G. Phillips will remain chief executive officer of Pilot Freight Services, and his family “will maintain a significant equity stake” in the company.
The freight broker and third-party logistics provider also said Wednesday it has completed the integration of truckload-oriented freight broker Command Transportation, LLC, which it acquired in June 2015 for $420 million.
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Despite advocating for mandatory adoption of the technology for the last 10 years, the American Trucking Associations says the U.S. Department of Transportation's initial proposal to require speed control devices on commercial vehicles is flawed.
The Rhode Island Department of Transportation said it will implement bridge tolls throughout the state for tractor trailer operators, a plan that has been met with protests from trucking associations, following federal approval.
Energy analyst Monica Enfield said the A.P. Moller Maersk Group's oil business is at a crossroads in a market beset by unexpectedly low prices and for-sale assets.