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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 cargo division of Qatar Airways announced it will add Djibouti to its freighter network Aug. 1.
Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
Brent crude, considered by most analysts to be the global benchmark for oil prices, fell below $50 a barrel for the first time since January amid slowing demand growth and growing global oversupply.
The Dubai-based port terminal operator was fighting a proposed 750 percent rent increase at Port of Melbourne.
The Norwegian ocean carrier reached an agreement with the Competition Commission of South Africa after admitting to price fixing, market allocation and collusive tendering.