The asset-light transportation and logistics service provider has extended its existing credit facility from $550 million to $700 million through 2019.

Swift Transportation Company’s board of directors earlier this week also approved the repurchase of up to $100 million of the company’s outstanding Class A common stock.

An undeclared consignment of handguns that was on its way from Mumbai, India to the Democratic Republic of Congo was discovered in a United Nations shipment on board the Höegh Transporter.

Llamasoft said the minority investment from Goldman Sachs will be used to fund numerous technology development and growth initiatives, and Goldman Sachs will be given one seat on the IT company’s board.

The logistics industry is “facing an unprecedented labor shortage” for which 79 percent of 3PLs are unprepared, according to a new study from Penske Logistics.

The parcel and logistics giant opened a new contract logistics facility in North Warwickshire, situated in the Midlands region of the United Kingdom.

The Port Authority of New York and New Jersey announced the completion of a $400 million JFK Airport runway modernization project designed to help reduce delays, improve safety and increase the surface’s lifespan.

The Swiss-based airfreight handling services provider announced it will become Oman Air’s cargo handling agent for the airline’s direct flights from Zurich, Switzerland to Muscat, Oman.

Cathay Pacific Cargo and Emirates SkyCargo announced they will both add one additional flight to Ohio’s cargo-dedicated Rickenbacker International Airport in October.

DHL Global Forwarding said the primary reason for opening its new center in Mörfelden-Walldorf, Germany was that it needed a larger facility near Frankfurt to handle growth in temperature-controlled airfreight.