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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The Port of Long Beach has "little to fear from other ports or the Panama Canal stealing our cargo and the jobs that come with it," CEO Jon Slangerup said yesterday in his annual "State of the Port” address.
The Israeli ocean carrier says changes to its management structure and business groups should make ZIM more agile and attentive to customer needs.
The Port of Oakland has indicated officials are negotiating with TraPac, but said its other terminals will handle former OHT cargo and expects no diversion as a result of decision by TIL and Ports America to end operations at the port.