Rail
Third-party logistics provider CEVA Logistics said it has signed a share purchase agreement to acquire project logistics firm Fagioli Group.
CEVA said Fagioli’s “complementary capabilities” would enable CEVA to cover the entire project logistics value chain, offering solutions from early-stage development to final delivery. The transaction is subject to customary regulatory approvals.
Private equity firm QuattroR represents the largest shareholder of Fagioli Group, while the remaining shares are held by the family ...
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Schneider National Inc., the multimodal provider of transportation, intermodal and logistics services, has introduced Schneider Fast Track, a premium solution for shippers with time-sensitive and high-service freight needs.
Fast Track combines Schneider’s extensive asset-based truckload and intermodal capabilities with strategic rail partnerships to create a network ...
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Global investment firm KKR said it has launched Galaxy Container Solutions, a global marine container leasing and financing platform, in partnership with a team of industry veterans.
Galaxy will be owned by KKR-managed credit funds and accounts, which are committing US$500 million to the company via ...
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CSX, the U.S. East Coast Class I rallroad, has reported executive leadership changes that the company said are designed to strengthen its strategic focus and advance its long-term growth objectives.
Kevin Boone has been named executive vice president and CFO, succeeding Sean Pelkey, who has departed ...
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DHL Global Forwarding, the air and ocean freight specialist of DHL Group, has launched DHL Consolidated Clearance Service for U.S. Imports, a new customs solution tailored to e-commerce and retail businesses.
As U.S. tariff policies evolve and regulatory demands intensify, importers – particularly in fast-moving consumer ...
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The U.S. State Department said it plans to penalize countries that approve and participate in the International Maritime Organization (IMO)’s plan to decarbonize shipping through a carbon fee.
The IMO assembled on Oct. 14 to discuss and potentially vote on its Net Zero Framework, or NZF, ...
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CSX reopened the expanded Howard Street Tunnel, a historic and transformative US$450 million infrastructure project intended to modernize freight rail transportation along the East Coast.
The project marks a major milestone in the decades of effort by state, federal, and private partners to deliver a long-sought ...
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CSX Corp. said Sept. 29 it has named former Linde CEO Steve Angel as president and CEO, and a member of the board. He succeeds Joe Hinrichs, who has departed from the company after three years at the helm.
Angel, with more than 45 years of ...
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CSX Corp. and BNSF said Aug. 22 they are introducing several direct, coast-to-coast intermodal services, following Union Pacific and Norfolk Southern announcement July 29 to create a transcontinental railroad.
Jacksonville, Florida based CSX and BNSF, based in Fort Worth, Texas, said their partnership will deliver “flexibility, ...
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Union Pacific Corp. and Norfolk Southern Corp. on July 29 announced an agreement to create the first U.S. transcontinental railroad, connecting more than 50,000 route miles across 43 states from the East Coast to the West Coast, linking about 100 ports within it’s the combined ...
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