The Canadian fund Caisse de dépôt et placement du Québec has purchased a $155 million stake in Chennai, India-based third-party logistics provider TVS Logistics Services from Goldman Sachs and KKR & Co., according to a statement from CDPQ.
Cass: North American freight market free fall continues in September
Shipment volumes in September 2016 slipped 0.4 percent from the previous month and 3.1 percent compared with the same 2015 period, the 19th straight month of year-over-year volume declines, according to the latest Cass Freight Index Report.
Union Pacific’s Q3 net income falls amid lower volumes
The Omaha, Neb.-based Class I railway experienced year-over-year declines in net income and revenues for the third quarter of 2016, driven down by lower carload volumes and an especially weak coal segment.
WTO largely favors China in U.S. antidumping measures dispute
The World Trade Organization agreed with China in most aspects of its dispute against the United States over the methodology for how it assesses antidumping duties.
SAL transports components for offshore wind farm
SAL Heavy Lift, a subsidiary of “K” line, has entered a contract with Van Oord to transport foundations for wind turbines to be used at the Walney Offshore Wind Project.
Special Coverage: C.H. Robinson’s impact on produce shipping
Eden Prairie, Minn.-based C.H. Robinson has been perfecting the concept of just-in-time logistics for more than 100 years, delivering fresh fruits and vegetables to customers across the United States and throughout the world.
Companies accuse Hanjin of not complying with court order
The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
Trade Trends: Linking GTM systems and FTA utilization
Thomson Reuters global trade management business, ONESOURCE Global Trade, conducted its second annual Global Trade Survey, shedding light on trends and challenges faced by trade experts and multinationals alike.
Neopanamax vessels account for small share of Panama Canal traffic
Bigger vessels that can fit through the expanded section of the Panama Canal represent a small portion of the total traffic so far, but the new locks have only been open for less than four months.
Commentary: <em>Law & Order</em> litmus test
Are means, motive and opportunity enough for Maersk Line to make a move for South Korean ocean carriers Hanjin Shipping and Hyundai Merchant Marine?