Hunter Harrison, retiring president and CEO of the Calgary-based Class I railway, has apparently decided to cut his remaining time with the company short, and may be eyeing U.S. railroad CSX as his next move.
Terminal Investment Limited - jointly owned by MSC and Global Infrastructure Partners - will become the largest owner of Total Terminals International, which Hyundai Merchant Marine will also own a stake in.
The German ocean carrier upped the size of a five-year bond from 150 million euros to 250 million euros.
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The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.
Fellow Japanese ocean carrier “K” Line exited the Transpacific Stabilization Agreement Aug. 19, while MOL, the other major ocean carrier based out of Japan, left the group in 2008.