Neptune Orient Lines, parent of ocean liner APL, attributed the poor financial results primarily to weak peak season shipment volumes to North America and Europe, which resulted in lower freight rates for container carriers.

The Senate on Wednesday approved a House measure to extend federal transportation spending for three weeks and prevent a shutdown in funding today.

The Danish global transport and logistics provider reported adjusted earnings and net revenues grew 15.1 percent and 2 percent, respectively, in the third quarter of 2015 compared to the same period a year ago.

Several major logistics and transportation company stocks have fallen sharply this week amid lower-than-expected earnings announcements and concerns of weak demand going into the fourth quarter.

The Thomasville, N.C.-based less-than-truckload carrier posted net income of $84.4 million for the third quarter of 2015, an 8.3 percent increase from the third quarter of 2014.

The Norther California port will make 75 percent of the energy it purchases for tenants greenhouse gas-free within three years, according to a statement from the Oakland port authority.

Green Shipping Line is eyeing potential cargo shipping routes on the U.S. Atlantic Coast and in the Lake Erie region.

The parcel giant will expand its “Centennial” ground package sorting facility in Louisville, Ky. from 257,000 square feet to 838,000 square feet and will nearly double the package processing rates.

The ocean procurement software provider launched Xeneta Insight for small and medium businesses and Xeneta Intelligence for large volume shipping companies.

The new, 265,000-square-foot office consolidates several locations and an estimated 1,200 FedEx team members into one location.