The company’s $1.3 billion investment to improve its logistics operations in Mexico will take place over the next three years.

The industrial real estate services and investment management firm said it anticipates strong industrial and logistics real estate growth in 2017, driven by low interest rates, healthy consumer spending and strong e-commerce.

President Obama has sent his nomination of Ann Begeman for a second five-year term on the U.S. Surface Transportation Board to the Senate floor, according to a statement from the White House.

Annualized turnover rates at large truckload fleets fell another 2 percentage points to 81 percent in the third quarter of 2016, the lowest level since second quarter 2011, according to the American Trucking Associations.

The chief and second engineers of the Top Ship cargo vessel were sentenced Thursday to jail for their role in obstructing a U.S. Coast Guard inspection in July 2015 on board the ship in North Carolina’s Port of Wilmington.

The third-party logistics provider subsidiary of German railway company Deutsche Bahn will combine its air and ocean freight division with its land transport division, as well as create a new division called Commercial DB Schenker and Contract Logistics.

The index remained practically unchanged since last Friday, inching up 0.3 percent to a reading of 797.62.

Jon Ross, a former American Shipper editor, who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.

Oakland Bulk & Oversized Terminal (OBOT) has sued the City of Oakland in federal court after facing strong opposition from environmentalists and others that oppose coal exports through a bulk handling terminal OBOT wants to build.