The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.

Meanwhile, the Port of Oakland said the softening of the U.S. dollar has resulted in an increase in the port’s loaded export volumes, which rose 8.8 percent year-over-year for the first eight months of 2016.

The second-phase of expansion at the Virginia International Gateway container terminal will soon commence now that the Virginia Port Authority has secured a long-term commitment to operate the facility.

The association, which represents independent truck drivers, said Congress should not mandate the devices on commercial vehicles, and instead let the regulatory process play out.

Shipment volumes in August 2016 were relatively flat from the previous month, but expenditures slid 3.3 percent and both still remained well below 2015 levels, according to the latest Cass Freight Index Report.

The seasonally adjusted For-Hire Truck Tonnage Index equaled 141.8 for the month, up 5.7 percent from July and 5.9 percent compared with August 2015, following a 2.1 percent decrease the previous month, according to American Trucking Associations.

The Memphis, Tenn.-based integrator posted a net income of $715 million on revenues of $14.7 billion for the first quarter of fiscal year 2017, which ended Aug. 31, year-over-year increases of 3.3 percent and 19.5 percent, respectively.

In addition, the private equity firm launched a fully-owned subsidiary to manage shopping centers in India, focusing on turning around underperforming malls in the country.

The Greenbrier Companies, Inc. names president for Greenbrier International, while Transervice Logistics appoints New England business development director and Hoyer picks new Chemilog director.

Edward Greenberg, the association’s general council, said the Federal Maritime Commission’s revision would offer “much needed flexibility” to non-vessel-operating common carriers when including rate and surcharge changes in their service arrangements.