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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Japan's three largest shipping conglomerates, NYK, MOL and "K" Line all saw their bottom line hurt by overcapacity and continued weakness in the container and dry bulk markets.
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.
Longshoremen at the port returned to work Monday after a wildcat strike employers called "extremely disruptive" to operations and retailers said reminded them of the labor issues this time last year at West Coast ports.