Shares in the Jacksonville, Fla.-based Class I railroad jumped 23.4 percent on Thursday to close at $45.51 following reports outgoing Canadian Pacific CEO E. Hunter Harrison could be eyeing CSX as his next landing spot.
Amsterdam Airport Schiphol reported a cargo throughput of 1.66 million metric tons for the full year in 2016, a 2.5 percent increase compared with 2015 and a record for the airport.
Yang Ming responded by saying it has unwavering support of Taiwan’s government and has "proactively reorganized internally to effectively reduce its operating costs."
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COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The Phoenix, Ariz.-based third-party logistics provider and truck broker has purchased Global Freight Source for an undisclosed price in an effort to continue to grow its share of the truckload and less-than-truckload brokerage market.
President-elect Donald Trump is working to prevent the heating, air-conditioning and refrigeration solutions provider from moving a domestic factory to Mexico.