The Norwegian global maritime industry group inked a deal to acquire the technical business solutions business from Drew Marine for approximately $400 million.
Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2016.
The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.
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Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.
U.S. shippers should not underestimate the power the nation’s longshore unions hold over the flow of containerized cargo, said Chris Gillis, editor at American Shipper.
Federal Maritime Commissioner Mario Cordero will be appointed executive director of the Port of Long Beach, where he served as a harbor commissioner from 2003 to 2011.