TNT Express on Friday said it has entered an agreement to sell its airline operations, TNT Airways and Pan Air Líneas Aéreas, to ASL Aviation Group.
Canadian Pacific published a third white paper regarding its proposed acquisition of Norfolk Southern Corp., and the U.S. Surface Transportation Board has begun to receive letters from rail customers in support of the controversial takeover.
A $60 million upfront payment by Ports America and TIL gives the Northern California port limited recourse following their departure from Oakland Harbor Terminal, according to a research note by Fitch Ratings.
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Container terminals managed by the Virginia Port Authority handled 2.5 million TEUs last year, a 6.5 percent increase compared with 2014.
The Jacksonville,Fla.-based Class I railway is turning over operating management of the intermodal terminal to Ports America in an attempt to improve the efficiency of rail service at the Port of Baltimore.
Polar Air Cargo, along with Polar Air Cargo Worldwide and Atlas Air Worldwide Holdings, has entered into a $100 million settlement agreement in a U.S. antitrust class action lawsuit.