American Shipper

Ocean carrier CMA CGM of France announced a general rate increase.

French ocean carrier CMA CGM issued general rate increases on various trades.

The French carrier announced general rate increases effective Aug. 15.

French ocean carrier CMA CGM issued a general rate increase from all Asian ports to all Middle East Gulf ports.

Analysts have lauded the decision to let Coyote operate as it has in the past, as the $1.8 billion deal gives UPS significant access to the truckload market, which was previously a void in its portfolio.

The second quarter financial results of ocean carriers NYK, MOL and “K” Line reflected a weak Asia-Europe market and strong supply pressure.

The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.

The European Commission will now conduct an in-depth analysis under the EU’s merger regulations before coming to a decision on FedEx’s $4.8 billion offer to buy TNT.

Shanghai Jiangnan Changxing Shipbuilding will build the China Shipping Container Lines vessels, which are scheduled for delivery in 2018.

The cost to Matson could be as much as $15.4 million, and the ocean carrier will cease its molasses operations in Honolulu as part of the settlement.

The Canadian train and aircraft manufacturer in May outlined plans to list a minority stake in its rail business, but Chief Executive Alain Bellemare denied the company was considering selling the entire unit.

Philip Seng, president and CEO of the U.S. Meat Export Federation, warned the U.S. meat industry is rapidly falling behind its competitors in the lucrative Chinese market.

The less-than-truckload holding company reported a 184.5% year-over-year jump in operating income in the second quarter of 2015.

The agreement would update an 18-year-old pact that nixes duties and tariffs on technology products, likely reducing costs for consumers, but the deal has not yet reached a quorum.

The airfreight carrier said it increased revenues 8.8 percent during a period of network expansion for the company.

Incidents in Belgium accounted for 161 of the 501 total cargo thefts reported in the region during the second quarter, according to the FreightWatch International Q2 2015 Intelligence Update Report for Europe, the Middle East and Africa.

The outsourced aircraft and aviation operating services provider reported a net income attributable to common stockholders of $28.4 million for the second quarter and $57.6 million for the first half of the year.

The John C. Munro Hamilton International Airport opened the Air Cargo Centre, in which airfreight carrier Cargojet will be the primary tenant.

The Houston-based tank barge operator’s net earnings dropped to $58.1 million in the second quarter and its consolidated revenues dropped to $543.2 million.

Kuehne + Nagel will introduce refrigerated less-than-containerload pharmaceutical services from its facility in Geel, Belgium to Singapore and Sydney, Australia.