The Memphis, Tenn.-based integrator saw it’s shares drop 3.4 percent in a day after reporting adjusted earnings per share of $2.80 in its fiscal second quarter, an improvement from the previous year but $0.10 per share below consensus analyst expectations.

The first phase of the O’Hare Northeast Cargo Center is now complete and operational, and once the entire center is complete, it will be the largest airside cargo development constructed in the United States in over a decade.

About 180 unionized Korean Air pilots seeking a 29 percent pay increase began a 10-day strike yesterday, causing the airline to cancel 148 passenger and cargo flights on domestic and international routes.

The ocean shipping industry set new records for demolition this year, sending 201 ships with an aggregate capacity of 699,000 TEUs to the scrapyard as of Dec. 20, according to the latest data from shipbroker Braemar ACM.

The transaction closed Wednesday and made Marken a wholly-owned subsidiary of UPS.

The Port of Long Beach Harbor Commissioners approved the sale of Hanjin Shipping’s 54 percent stake in Total Terminals International to MSC and its sister company Terminal Investment Ltd. Wednesday night by a 3-to-1 vote.

The White House warned that inaction to end the European Union’s longtime ban on U.S. beef imports will lead to retaliatory tariffs.

Tom Nightingale, a longtime freight transportation and logistics specialist, noted that in fast changing times such as these, it is critical that strategic leaders consider their end-to-end supply chain system as a whole in order to best succeed.

The Honolulu-based shipping company also announced this week that it raised $75 million through a private placement of 11-year final maturity senior unsecured notes.

However, despite the port experiencing its best November ever in terms of containers handled, its share on the North American container market declined from 12 months prior.