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Investment firm Brookfield Infrastructure Consortium will purchase 55 percent of Asciano Limited in a deal that will value the rail and port logistics provider at approximately $8.8 billion.
Containerized cargo declined last month in L.A., grew slightly in Oakland and spiked in Long Beach as East Coast captures market share.
Danish carrier will no longer transport chemical that has been blamed for ship fires.
The Thunder Bay Port Authority announced the port's year-to-date grain shipments were 5 percent higher than its five-year monthly average thanks to strong harvests on the Canadian prairies throughout 2013 and 2014.
The Ocean3 Alliance of CMA CGM, UASC and CSCL will combine their FAL2 and FAL3 loops between Asia and Europe, decreasing its deployed capacity on the trade by approximately 21 percent, according to data from BlueWater Reporting.
The third-party logistics provider moved to a new, larger facility in Eagle Pass, Texas.