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 Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a "unilateral" decision to depart by the joint operators of Outer Harbor Terminal LLC.
3PL veteran starts Allport Cargo Services USA and Suttons Group names new chairman, while Röhlig names Germany ocean cargo manager and Avianca picks interim CEO.
Ciner Gemi Acente Isletni Sanayi Ve Ticaret S.A., a ship management company in Turkey, pleaded guilty and was sentenced in federal court in Baltimore for violating the Act to Prevent Pollution from Ships.