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The international freight forwarding and logistics company reached an agreement with Dutch Flower Group Wednesday to acquire a majority stake in its airfreight forwarder Airflo.
The third party logistics company's deal for BirdDog's parcel logistics solutions is intended to broaden Transportation Insight's reach into parcel optimization and audit services.
The parcel giant anticipates using the net proceeds from the offering for general corporate purposes, including the repayment of commercial paper, according to a statement from the company.
Industry groups said they are willing to work with the port to speed cargo through POLB, but expressed concern about how the plan might affect shippers, who want to pick up containers faster but say getting chassis and trucking capacity can be difficult.
U.S. Agriculture Secretary Tom Vilsack said at the conclusion of the JCCT meeting Monday that China indicated it will review 11 biotechnology applications and continue the dialogue on U.S. beef.
Port of Miami Terminal Operating Company, the only non-carrier affiliated terminal, saw its volumes double to 22,225 TEUs, the largest percentage gain among the three container terminals at the South Florida port.