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 Port Authority of New York and New Jersey has asked that trucks not be sent to terminals after dockworkers reportedly walked off the job Friday morning.
Canadian Pacific Railway Limited posted a net income of $319 million Canadian on revenues of $1.69 billion Canadian for the fourth quarter of 2015, year-over-year declines of 29.3 percent and 4 percent, respectively.
Curtis Foltz will be replaced as head of the Georgia Ports Authority by current Cheif Operating Officer Griff Lynch.