Cherry Hill, N.J.-based NFI has strengthened its footprint in Canada with the acquisition of Dominion Warehousing & Distribution.
GLP confirms preliminary sale talks
Global Logistic Properties is seeking potential buyers as part of its independent strategic review, the company said in a statement to the Singapore Stock Exchange, confirming media reports from the Wall Street Journal and Bloomberg.
AAR: U.S. rail traffic drops 5% in 2016
Combined United States carload and intermodal cargo volumes increased for the second consecutive month in December 2016, but the growth was not enough to offset several months of previous year-over-year declines.
D.J. Powers acquires Norfolk-based customs broker
The freight forwarder and customs broker has merged with Fred P. Gaskell Co. of Norfolk, Va., effective Nov. 1, 2016, according to a statement from the company.
Executive Moves: Page International and GlobalTranz
Page International promotes director of sales and GlobalTranz hires senior vice president of carrier relations.
J.B. Hunt, BNSF to enter arbitration over revenue sharing
Trucking carrier J.B. Hunt Transport and Class I BNSF Railway have filed for arbitration in their negotiations regarding how revenues are divided under a joint service agreement for intermodal transport.
Radiant Logistics to acquire Canadian 3PL
Bellevue, Wash.-based Radiant Logistics has entered into a letter agreement, by which, through its wholly-owned subsidiary, Wheels International Inc., it has expressed its intent to acquire Lomas Logistics.
Special Coverage: Developments along the Delaware River
The ports of Philadelphia and Wilmington are planning infrastructure improvements as a project to deepen the river nears completion.
POLB pushes for rail yard redevelopment
The proposed Pier B On-Dock Rail Support Facility could increase the use of “on-dock” trains, move cargo faster, and make operations more sustainable, the Port of Long Beach said.
Drewry’s outlook on multipurpose shipping market
The global shipping consultancy said there will be minimal aggregate multipurpose fleet growth to 2020, due to increased demolition levels in the multipurpose and competing sectors, combined with the decreased number of newbuilding orders.