TNT Express on Friday said it has entered an agreement to sell its airline operations, TNT Airways and Pan Air Líneas Aéreas, to ASL Aviation Group.
Canadian Pacific published a third white paper regarding its proposed acquisition of Norfolk Southern Corp., and the U.S. Surface Transportation Board has begun to receive letters from rail customers in support of the controversial takeover.
A $60 million upfront payment by Ports America and TIL gives the Northern California port limited recourse following their departure from Oakland Harbor Terminal, according to a research note by Fitch Ratings.
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The Hong Kong-based third-party logistics provider told analysts on a conference call it plans to acquire a 51 percent stake in an unnamed U.S. freight forwarder within two months, according to a report from the Jefferies Group.
Meanwhile, the United States Coast Guard will hold its first Marine Board of Investigation hearing on the largest U.S. maritime tragedy in decades from Feb. 16 through Feb. 26 in Jacksonville, Fla.
Importers, brokers and Customs are behind on software integration and testing of CBP's Automated Commercial Environment and the Feb. 28 deadline for filing entries needs to be postponed to avoid cargo delays in ports, according to the NCBFAA.