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 new service from the Port of Wilmington in North Carolina will connect with Charlotte starting this spring, and an another CSX intermodal hub in Raleigh is slated for a 2019 opening.
Decelerating demand growth and continuing expansion of new shipping capacity has led to new lows for freight rates on mainstream shipping routes, according to a profit warning from ocean carrier CSCL.
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.