Florida East Coast Railway Holdings Corp. will be acquired by GMéxico Transportes S.A. de C.V. in an all cash transaction.
The Atlanta-based parcel giant added four stations in China, and one station each in Poland and Germany to its full and less-than-container load multi-modal rail service between Europe and China.
The port terminal operator arm of the recently merged China COSCO Shipping saw earnings tumble 42.5 percent to $247 million for the full year in 2016 despite a 1.2 percent increase in revenues compared with the previous year.
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A shipment of snow peas was transported by a Crowley cargo ship from Guatemala to Port Everglades, and was then trucked to Miami International Airport where it was transloaded onto an air cargo plane operated by Centurion Cargo for transport to Amsterdam.
The German ocean carrier has opened a new office in Dubai, United Arab Emirates to coordinate its business in the Persian Gulf region, taking over from long-time local agency partner Inchcape Shipping Services.