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 Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a "unilateral" decision to depart by the joint operators of Outer Harbor Terminal LLC.
Container volumes at the largest U.S. East Coast port were up 3.3 percent for the month compared to November 2014, when the previous record was set.
The Brazilian port took delivery of two Portainer container cranes and six rubber-tire gantry cranes last week.