Norfolk Southern will change up its senior management with the Oct. 1 retirement of longtime chairman Charles W. “Wick” Moorman.

The forwarder will transport Toyota Material Handling Group’s new line of racking systems from suppliers to the company’s customer sites across Europe.

U.S.-flagged vessels transported 10.3 percent less raw materials in August compared with last year, as trade was hindered from the MacArthur Lock failure, continued high levels of steel imports and repairs for three 1,000-foot lakers during the month.

The seasonally adjusted For-Hire Truck Tonnage Index for August 2015 equaled 134.2, a year-over-year increase of 2.1 percent, according to the American Trucking Associations.

The Danish shipping conglomerate has also begun a program to buy back $1 billion in company shares over the next year.

The promise comes after one environmental advocacy group criticized the method of disposal for a former Horizon Lines vessel, the Horizon Trader.

Meanwhile, lane outages in the existing locks for maintenance could reduce available capacity for vessel traffic by up to 50 percent through the end of the month, according to maritime support services provider Gulf Agency Co.

Sparrows Point Terminal names VP of commercial and trade development, while Fleetgistics appoints operations VP.

With approval for a 40-year lease of the Richmond port facility, VPA will be able to make long-term investments to further enhance its container-on-barge service from Norfolk.

The Commerce and Treasury departments have announced regulations that pave the way for certain U.S. exporters, carriers and logistics services providers to set up operations in Cuba.