The Netherlands-based parcel carrier has made “substantial progress” toward clearing European regulatory hurdles related to its acquisition by FedEx Corp., according to CEO Tex Gunning.
The express carrier is preparing to move upwards of 317 million shipments between Black Friday, Nov. 27, and Christmas Eve, a 12.4 percent year-over-year increase in seasonal volumes.
The ports of Manzanillo and Lazaro Cardenas reopened over the weekend after being struck by what was at one point reported to be the strongest hurricane ever measured in the Western Hemisphere.
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 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 French ocean carrier adjusted the frequency of its EURAF5 loop between North Europe, the Mediterranean and West Africa from weekly to fortnightly.
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 third-party logistics provider opened an office in Santo Domingo, Dominican Republic.
A federal law inhibiting truck drivers from crossing state lines until they turn 21 is “illogical” and is making it more difficult for carriers to attract young drivers, according to Rob Abbott, VP of safety policy at the American Trucking Associations.
The dredging project would allow the Port of Charleston, S.C. to handle cargo ships with a draft of up to 48 feet with no tidal restrictions, according to the port.
Net earnings at Canadian Pacific Railway Limited dropped 19 percent year-over-year to $246.35 million thanks primarily to currency exchange losses on long-term debt, according to the company’s most recent financial statements.
The Omaha, Neb.-based railway posted a net income of $1.3 billion on revenues of $5.6 billion for the third quarter of 2015.
The non-vessel operating common carrier and ocean freight consolidator commenced 11 direct less-than-container-load import services between China and the United States in late Aug. 2015.
The Moscow, Russia-based cargo airline transported 42,480 tons of freight across its network in September, an increase of 28 percent from Sept. 2014.
