Middle market buyout and growth equity investor Ridgemont Equity Partners will acquire and recapitalize the third-party logistics provider, according to a joint statement from the companies.
India has made “significant changes” to some of its trade and investment policies since Prime Minister Narendra Modi assumed office in May 2014, according to the U.S. International Trade Commission.
The Greenbrier Cos. names chief strategic officer, while Coastal Cargo Co. appoints head of Houston operation.
The extension of the Dec. 31 deadline for implementation of Positive Train Control for an additional three years has been added to a three-week transportation funding measure in the House as Congress scrambles to complete long-term legislation.
The International Brotherhood of Teamsters has promised to support the Independent Pilots Association’s decision and stand with UPS pilots in the strike.
Federal Maritime Commission Chairman Mario Cordero sees the public comment and investigation period as an opportunity to create efficiencies and reduce costs within the ocean liner industry.
The South Atlantic port reported its seventh consecutive month of record container cargo volumes in September, according to the latest figures from the Georgia Ports Authority.
The world’s biggest container line downgraded its profit expectations for 2015 by 27 percent Friday, saying the market won’t recover this year from weaker demand and deteriorating rates.
The French ocean carrier adjusted the frequency of its EURAF5 loop between North Europe, the Mediterranean and West Africa from weekly to fortnightly.
The container line posted a 32 percent dive in Asia-Europe revenues in third quarter 2015, with revenues in the trade down more than 21 percent for the first nine months of the year.
Meanwhile, the Navy tug bringing equipment to locate the wreck of the cargo ship at the bottom of the Atlantic ocean will take longer than expected to arrive at El Faro’s last known position because of bad weather in the area.
Terminal company GCT USA will complete the final design and build the new ExpressRail Port Jersey facility in Greenville Yard.
The roll-on/roll-off cargo specialist offers liner service to and from the Mediterranean, Africa and the Americas via Grimaldi’s network, which includes Atlantic Container Lines.
Potential tenants have indicated that a long-term lease commitment at Terminal 5 would require the ability to handle more than 1 million TEUs, according to the Northwest Seaport Alliance of the ports of Seattle and Tacoma.
The industrial and logistics real estate specialist saw net earnings grow over 90 percent and revenues up nearly 40 percent, respectively, compared to the third quarter of 2014, according to the company’s most recent financial statements.
Shanghai-based Anji-CEVA, which provides finished vehicle and parts logistics services to a major Chinese automaker, will use JDA’s management, modeling, and planning solutions.
An Italian pipe fitting manufacturer and an Illinois-based industrial component manufacturer respectively plan to open warehousing and production facilities in the state.
The third-party logistics provider opened an office in Santo Domingo, Dominican Republic.
The surface transportation reauthorization includes dedicated funding to support projects associated with goods movement, but doesn’t go far enough to address the growing infrastructure deficit in the United States, according to transportation advocates.
The railroad is closing some of its support facilities in Kentucky and Tennessee due to a prolonged downturn in coal volumes.
