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 chairman of the Senate Permanent Subcommittee on Investigations is seeking answers to why the Army Corps of Engineers’ budget to dredge the Cuyahoga River Ship Channel for the Port of Cleveland was cut by more than a third.
The Danish third-party logistics provider is emptying its bank accounts of British pounds to minimize currency risks associated with the United Kingdom’s potential exit from the European Union, according to a report from Reuters news service.
The United States imported 2.21 million net tons of steel in February, 16.5 percent less than January and 38.3 percent less year-over-year.