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Ocean carriers COSCO and Yang Ming joined forces to launch two feeder loops in North Europe.
The agreement with trade union ver.di includes salary increases in 2016 and 2017, as well as employee protection against job dismissal through 2019.
The purchase of Memphis-based ReTrans Inc. is intended to expand K+N's North American network and sync with the third party logistics provider's ocean and airfreight businesses.
Meanwhile, drayage drivers at Pacific 9 Transportation continue their strike in an attempt to be reclassified as employee drivers.
The future of the Export-Import Bank is still in doubt because it depends on passage of a long-term transportation bill that is expected to pass the Senate, but which faces strong opposition in the House.
Roadrunner's CEO Mark DiBlasi said the purchase of Stagecoach Cartage will expand its trucking network in the Southwest U.S. and along the Mexican border.