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Merger speculation continues as CIOSCO says it is "contemplating a plan on a material event."
An informal poll of private carriers by Stifel's transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
AirNet was for sale after struggling to maintain business in the overnight express business.
Shandong Huahai Shipbuilding, a small shipbuilding company based in Rizhao, Shandong, went into court receivership and will now be liquidated after an application from its primary creditor was accepted by the Rizhao Intermediate People's Court.
Ocean carrier CMA CGM will team up with Bolloré African Logistics and China Harbour Engineering Company to build and operate a 1.4 million-TEU container terminal in Kribi.
The international freight forwarding and supply chain management solutions provider will strengthen its global footprint through a franchise program.