Business
In what appears to be a bidding war, CN Rail recently announced that it is engaging with the board of directors of Kansas City Southern to complete confirmatory due diligence and finalize a definitive merger agreement to combine the companies and create the premier railway for the 21st century.
Canadian Pacific Railway Limited is already making a bid for the railway.
According to a press statement from CN, CN’s proposal offers a ...
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Hannibal Industries, one of the largest steel pallet rack manufacturers in the U.S., announced that in spite of the unforeseen challenges of 2020. The company grew in key areas and is well-positioned to continue that growth through 2021. As a result of the pandemic, ...
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Bremen-based shipping company Harren Bulkers announces the acquisition of the Post-Panamax bulker Topas (built 2011). The ship will be named Pablo. With an overall length of 229.2 m (beam 38.0 m, draft 14.9 m), Pablo is currently the biggest ship in the Harren Bulkers fleet. ...
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The Broe Group’s transportation affiliate, OmniTRAX has reached an agreement to partner with the River Ridge Development Authority to further develop the River Ridge Commerce Center's rail infrastructure and attract major employers to Southern Indiana. "Nationwide, our customers place high value on strategic locations ...
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Port Manatee looks to continue to serve the fuel needs of Southwest and Central Florida motorists for at least another 25 years under a renewed agreement slated to take effect May 1. As approved April 20 by the Manatee County Port Authority, Denver-based TransMontaigne Terminals ...
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U-Freight predicts that the global e-commerce logistics market will hit €557 billion by 2025, having grown 27.3% in 2020.
Chief executive Simon Wong said his experience mirrored a recent
report by Transport intelligence (Tii) which described e-commerce as one
of the key growth sectors for logistics ...
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Africa-based Imperial Logistics is to sell its South American shipping business to Hidrovias do Brasil, an independent integrated logistics provider focused on waterways in the region, for a maximum of US$90.0 million. Imperial will focus on its African business in the healthcare, ...
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An international trade boom is exploding at the Port of Oakland. The Port reported all-time high container volume for import and export cargo in the month of March. It said there’s no sign of the global surge in business activity abating any time soon.
“Ships are ...
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Saudia Cargo and leading e-booking platform cargo.one have entered into a distribution agreement to provide customers across the board with first class digital booking experience. Freight forwarders will be able to book Saudia Cargo’s real-time quotes on cargo.one within a matter of seconds and with ...
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The Port of Virginia® in March set a new record for monthly TEU volume having handled nearly 280,000 TEUs and processing the volume with fluidity.
March’s record TEU volume was more than 60,000 TEUs ahead of March 2020 and was driven by heavy loaded import ...
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