The Chinese shipping conglomerate has agreed to acquire a minority stake in the Shanghai Rural Commercial Bank from Australia & New Zealand Banking Corp. for $0.66 million.
Taneli Ruda, head of ONESOURCE Global Trade, said the election of Donald Trump won’t cause trade liberalization to grind to a halt across the world, but it should cause those who run multinational corporations to carefully contemplate its implications.
The assets to be sold to the Missinippi Rail Consortium include the Hudson Bay Railway, the Port of Churchill on Hudson Bay, and a tank farm adjacent to the port.
Cherry Hill, N.J.-based NFI has strengthened its footprint in Canada with the acquisition of Dominion Warehousing & Distribution.
Net orders for North American Class 8 trucks totaled 21,200 units in December 2016, up 10 percent from the previous month and in line with analyst expectations, according to freight transportation analyst FTR.
Net earnings attributable to the Greenbrier Companies Inc. totaled $25 million for the first quarter of fiscal year 2017, while the company’s revenues stood at $552.3 million, quarter-over-quarter declines of 25.6 percent and 7.2 percent, respectively.
The World Container Index has increased by 62 percent since the bankruptcy of Hanjin at the end of August 2016, London-based shipping research and consulting firm Drewry said.
Trucking carrier J.B. Hunt Transport and Class I BNSF Railway have filed for arbitration in their negotiations regarding how revenues are divided under a joint service agreement for intermodal transport.
The proposed Pier B On-Dock Rail Support Facility could increase the use of “on-dock” trains, move cargo faster, and make operations more sustainable, the Port of Long Beach said.
The freight forwarder and customs broker has merged with Fred P. Gaskell Co. of Norfolk, Va., effective Nov. 1, 2016, according to a statement from the company.
The global shipping consultancy said there will be minimal aggregate multipurpose fleet growth to 2020, due to increased demolition levels in the multipurpose and competing sectors, combined with the decreased number of newbuilding orders.
Bellevue, Wash.-based Radiant Logistics has entered into a letter agreement, by which, through its wholly-owned subsidiary, Wheels International Inc., it has expressed its intent to acquire Lomas Logistics.
Global Logistic Properties is seeking potential buyers as part of its independent strategic review, the company said in a statement to the Singapore Stock Exchange, confirming media reports from the Wall Street Journal and Bloomberg.
The International Air Transport Association has asked shippers to take a short survey on their experiences using airfreight providers in order to learn how airlines can improve service.
Combined United States carload and intermodal cargo volumes increased for the second consecutive month in December 2016, but the growth was not enough to offset several months of previous year-over-year declines.
Page International promotes director of sales and GlobalTranz hires senior vice president of carrier relations.
The ports of Philadelphia and Wilmington are planning infrastructure improvements as a project to deepen the river nears completion.
NYK, “K” Line and MOL each reviewed the past year and plans for the future, including the new joint venture between the three companies, which they plan to form in July.
Omaha, Neb.-based Class I railway Union Pacific has acquired the refrigerated and cold storage distribution assets of Railex LLC in Delano, Calif.; Wallula, Wash.; and Rotterdam, N.Y.
Danish shipping company Maersk Line and Chinese e-commerce marketplace Alibaba teamed up to provide sellers direct bookings with the container line, marking another development in the rapidly changing ocean freight procurement space.
