The Jacksonville, Fla.-based Class I railway will place more, longer trains, as well as run them faster, on its tracks between Seymour and Butlerville, Ind., the company said in a statement.
Under a new five-year agreement, Atlas Air Worldwide Holdings will provide FedEx Express with five 747-400 freighter aircraft during peak flying season, which generally takes place in December but can occur earlier in the year.
Parts manufacturer Delphi Automotive has joined forces with Mobileye, a developer of computer vision systems focused on the automotive industry, to develop a fully automated driving solution by 2019, according to a joint statement from the companies.
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South Korea’s largest container shipping company’s transported volumes ticked up 1 percent year-over-year in the quarter to 1.17 million TEUs, container revenues tumbled 26.6 percent year-over-year to 1.35 trillion won.
Ocean carrier Hyundai Merchant Marine joining the 2M Alliance - comprised of Maersk Line and MSC - has fueled speculation about Maersk’s ultimate motives, but the short term impact is a larger share on the transpacific trade, especially from Korea.
The containership charterer said in a filing with the U.S. Securities and Exchange Commission last Thursday that past due accounts receivable from South Korean ocean carrier Hanjin Shipping had grown to approximately $18.6 million.