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Atlas Air, DHL Express extend agreements for 20 freighters

Atlas Air, Inc., announced it has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft in support of their fast-growing express and e-commerce markets.These agreements build on the strategic partnership between Atlas Air Worldwide and DHL, which began in 2008 and included DHL acquiring 49% of AAWW’s subsidiary, Polar Air Cargo, as well as a long-term agreement for six dedicated 747-400Fs to operate on key Trans-Pacific ... [+]

CP Offer for KCS Declared “Company Superior Proposal” by KCS Board

Canadian Pacific Railway Limited announced on September 12 that it has completed negotiations of a proposed merger agreement with Kansas City Southern, which the KCS Board of Directors has deemed a "Company Superior Proposal."CP stands ready to execute a definitive merger agreement to create the ... [+]

Maersk makes first tech acquisition

A.P. Moller – Maersk (Maersk) recently announces the acquisition of HUUB, a Portuguese cloud-based logistics start-up, specialized in technology solutions for B2C warehousing for the fashion industry. This is Maersk´s third acquisition this year within E-commerce Logistics and it comes through our venture activities with ... [+]

Port of Long Beach Achieves Best August

The peak shipping season started with a roar and lifted the Port of Long Beach to its strongest August on record.Dockworkers and terminal operators moved 807,704 TEUs of container cargo last month, an 11.3% increase compared to August 2020. Imports were up 11.7% to 407,426 ... [+]

Rose Transportation Joins RoadOne

RoadOne IntermodaLogistics, a single source intermodal, distribution, and logistics services company, announces today the acquisition of Rose Transportation, an intermodal transportation services company serving rail and port facilities in Pennsylvania, Maryland, Ohio, Florida, Georgia and South Carolina. Rose Transportation will further enhance RoadOne’s national intermodal logistics ... [+]

Gerry’s dnata wins contact with Gulf Air

Gerry’s dnata, Pakistan’s leading ground services provider, has been awarded a multi-year contract by Gulf Air, the national carrier of the Kingdom of Bahrain. The partnership will see Gerry’s dnata provide quality and safe ground, passenger and cargo handling services to the airline at six ... [+]

JAXPORT employee receives U.S. Department of Defense recognition

The Office of the Secretary of Defense recently recognized JAXPORT Asset Manager Brandon Blanton for his outstanding support of fellow JAXPORT employee Seaman Matthew Reed during Reed’s service in the Navy Reserves. Blanton received the award from Employer Support of the Guard and Reserve (ESGR), a ... [+]

Korean Air Shows Profit Again

Korean Air recorded an operating profit for a fifth consecutive quarter thanks to its efforts to boost cargo operations and reduce costs. Compared to Q2 2020, revenue increased 16% and operating profit rose by 31%.The cargo business achieved the highest revenue in the airline’s history. ... [+]

Port Freeport Commission lowers tax rate

The Port Freeport Commission has approved the Fiscal Year 2022 budget and passed a resolution to adopt a tax rate of $0.040000 which is less than the No New Revenue Tax Rate of$0.040080. The new total tax rate of $0.040000 includes $0.016606 dedicated to debt ... [+]

Port of Virginia August TEU Volumes Surpass 307,000 Units

The Port of Virginia® in August processed more than 307,000 TEUs, making it the busiest August on record and the port’s second most productive month in its history.The combination of modern terminals and an experienced operating team are combining for success and ongoing efficiency, said ... [+]