American Shipper

However, the $113.9 million deal is still subject to approval by the Baltic Exchange shareholders.

The industrial minerals producer will acquire Sandbox, which provides innovative logistics solutions and technology for the transportation of proppant, the sand used for hydraulic fracturing in the oil and gas industry.

The cement company’s terminal in Providence, R.I. will serve the entire New England construction market, including the metropolitan areas of Providence and Boston, as well as the rest of Rhode Island, Massachusetts and Connecticut.

A managed affiliate of the private railroad and transportation management company this week began operating the former Heart of Texas Railroad, which it purchased in May for an undisclosed sum.

Officials at the Port of Virginia said they can expand barge service to help liner carriers streamline port networks, but the Port of Baltimore said it has advantages that appeal to carriers and shippers.

The Fort Worth, Texas-based railway and the Port of Los Angeles are appealing a judgment that halted plans by the railroad to build the Southern California Intermodal Gateway.

The port said the improvements are needed in order for it to handle the current and future generations of ultra-large containerships.

Looking ahead, the Honolulu-based liner carrier said it expects the $197.6 million acquisition of Span Alaska to close early this month.

The Seattle, Wash.-based global logistics provider’s diluted net earnings per share totaled $0.63 per share for the second quarter of 2016, a year-over-year increase of 3 percent, according to the company’s most recent financial statements.

The Floridian port signed a long-term contract renewal with Ports America, the largest terminal operator and stevedore in the United States, to operate its container terminal through 2046.

The logistics provider has begun introducing vertical-specific carve-outs of its visibility and transportation technology suites, with new tracking and dashboard tools for retailers.

The North American Chassis Pool Cooperative has partnered with Consolidated Chassis Management to operate a pool of 40-foot premium chassis available for short and long-term use, the organization said Monday.

Darien, Conn.-based short line railroad operator Genesee & Wyoming Inc. reported net income of $48.4 million on $501.4 million in revenues for second quarter 2016, year-over-year decreases of 8.3 percent and 7.5 percent, respectively.

The Singapore Exchange Ltd. is expected to make a formal offer shortly to purchase London’s Baltic Exchange, and sources put the value of the potential deal around $100 million.

The Los Angeles-based customs broker, which is a division of APL Logistics, opened a new office in Charlotte, N.C.

The industrial real estate development and management firm established a distribution center in Goodyear, Ariz. for Michael Lewis Company.

The third-party logistics provider opened a 33,000-square-foot temperature-controlled distribution center in Phnom Penh, Cambodia.

Union Pacific promotes VPs and Aljex Software names VP of sales and marketing, while CentrePort Canada appoints CFO and the Allen Lund Co. picks Atlanta office manager.

Meanwhile, the Bonn, Germany-based parcel carrier is withdrawing from long-distance bus service and selling its Postbus unit to FlixMobility GmbH for an undisclosed price, Deutsche Post DHL Group said in a statement Wednesday.

The Advanced Air Cargo Screening pilot program has been analyzing pre-departure shipment data from voluntary participants for over five years, but U.S. Customs said it wants to iron out details before promulgating a rule for the entire air cargo industry.