Chief Financial Officer Frank Lonegro reiterated the railway’s 2015 financial projections and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago Tuesday.

General Electric and France’s Alstom have been awarded contracts of $2.6 billion and $3 billion, respectively, to help India modernize its outdated state-owned railroad network.

A total of 9.7 million tons of cargo were transported by U.S.-flag Great Lakes freighters in October, which represents a 13.7 percent decline from October 2014.

The Doha, Qatar-based cargo airline launched two routes this week between India and Qatar, both of which are dedicated to serving the pharmaceutical industry.

Orbis Investment Management has increased its stake in the acquisition-heavy third-party logistics provider from less than 4 percent to over 12 percent, according to a filing with the U.S. Securities and Exchange Commission.

The Federal Aviation Administration has proposed a $68,000 civil penalty against City of Industry, Calif.-based Unical Aviation for allegedly violating the nation’s hazardous materials rules.

U.S. Customs and Border Protection seized over 5,000 pieces of counterfeit soccer apparel items near the Washington Dulles International Airport Nov. 2.

Centiro has named a VP for global sales, while the Ports of Indiana Commission has added a new member.

The ocean shipping industry would take a move of APL from one alliance to another in stride, according to Rolf Habben Jansen, chief executive officer of the German liner carrier.

China’s Ministry of Transport is also concerned about recent growth in shipping surcharges, according to the Federal Maritime Commissioner William P. Doyle, who recently returned from bilateral maritime talks in China.