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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Rates from Shanghai to Northwest Europe, the Mediterranean and the United States have all fallen in each of the past three consecutive weeks.
The South Carolina Ports Authority is also investing in 120 more reefer racks at its Wando Welch Terminal.
The Israeli ocean carrier says changes to its management structure and business groups should make ZIM more agile and attentive to customer needs.