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 forwarder plans to invest in a 27.5 percent stake in Relais Colis to provide DHL's divisions and their customers enhanced access to France's e-commerce market.
The Commerce Department this week announced its determinations from a countervailing duty investigation into imports of certain hot-rolled flat steel products from Brazil, South Korea and Turkey.
Further limiting container "free time," the amount of time boxes can be stored at ports without charge, at the Port of Long Beach could lead to more congestion and demurrage, according to the National Retail Federation.