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 French ocean carrier has doubled the size of its offices on Reunion Island, and plans to make the overseas French department its hub in the Indian Ocean.
Employees of the third-party logistics provider have claimed in a letter to U.S. Securities and Exchange Commission they were pressured to buy stock in CEVA, which then lost all their value in a restructuring, according to a report from The Loadstar.
Japan's three largest shipping conglomerates, NYK, MOL and "K" Line all saw their bottom line hurt by overcapacity and continued weakness in the container and dry bulk markets.