New York-based private equity firm ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an undisclosed sum.
The Port of Long Beach Harbor Commission on Monday authorized a voluntary framework program that will disburse $46.4 million in local neighborhoods over the next dozen years or more to reduce the impact of port-related pollution.
Number four U.S. railway Norfolk Southern reported net income of $405 million for the second quarter compared with $433 million during the same 2015 period, according to the company’s most recent financial statements.
Wind Point Partners will acquire the Kearny, N.J.-based asset-light third-party logistics provider for an undisclosed sum as it attempts to expand its portfolio of transportation and supply chain services companies in the United States.
Canada’s Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
The U.S. Gulf Coast port handled 1.09 million TEUs during the first half of 2016, a 4 percent decline from the corresponding period in 2015.
The Californian port saw a pause in the growth of building materials flowing across its docks during the past fiscal year.
Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
Linea Peninsular began operating a weekly container shipping service this month between the Mexican ports of Altamira and Progreso, and Tampa.
Total cargo throughput at the largest French port fell 3 percent to 39.13 million metric tons in the first six months of 2016 as general cargo volumes remained relatively flat and bulk volumes fell compared with the same 2015 period.
The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers’ Council chairman to its board.
CLARIFICATION: A previous version of “Carriers shake up Europe-Mid E/ISC trade” stated that MSC’s IPAK service will end and the carrier will launch a new offering (in lieu of its current IPAK) with CMA CGM and UASC. However, it should be clear that the new rotation in which MSC will provide vessels, along with CMA CGM and […]
Gerry Wang, chief executive officer of Seaspan, expressed how he believes the industry will gradually improve if scrapping remains high and new ship orders remain low.
ZS Fund has acquired Amerijet Holdings, an operator of cargo aircraft under the name Amerijet International, along with logistics services subsidiary ITN Worldwide for an undisclosed sum.
The Dubai-based container terminal operator posted a cargo throughput of 31.4 million TEUs at its container terminals in the first six months of 2016, a 1.2 percent increase from the same 2015 period on a like-for-like basis.
The world’s largest convenience store chain teamed up with independent drone delivery service Flirtey and the Nevada Institute for Autonomous Systems to conduct the first fully autonomous aircraft delivery to a U.S. customer.
The Montreal, Canada-based Class I railway posted a net income of C$858 million on revenues of C$2.8 billion for the second quarter of 2016, a year-over-year drop of 3 percent and 9 percent, respectively.
The parcel carrier has partnered with automobile manufacturer Smart to conduct a market test in Stuttgart, Germany this fall on a service that will deliver packages directly to the trunk of a customer’s Smart car.
The independent containership owner and manager reported profits of $36.4 million on revenues of $224.3 million for the second quarter of 2016.
The aging Poe Lock was rebuilt in 1968 and is currently the only lock at the Soo Locks Complex equipped to handle 1,000-foot vessels.
