Officials at the Port of Virginia said they can expand barge service to help liner carriers streamline port networks, but the Port of Baltimore said it has advantages that appeal to carriers and shippers.
Railroads challenge California’s hazardous material fee
BNSF and Union Pacific have filed a lawsuit challenging a California law that would create a Regional Railroad Accident Preparedness and Immediate Response Force funded by fees collected by the railroads.
XPO’s net income, revenues skyrocket in Q2
The third-party logistics provider’s two reporting segments – transportation and logistics – both experienced year-over-year increases in operating income and gross revenues resulting from various acquisitions throughout 2015.
McInnis Cement breaks ground on first U.S. terminal
The cement company’s terminal in Providence, R.I. will serve the entire New England construction market, including the metropolitan areas of Providence and Boston, as well as the rest of Rhode Island, Massachusetts and Connecticut.
OmniTRAX launches Central Texas & Colorado River Railway
A managed affiliate of the private railroad and transportation management company this week began operating the former Heart of Texas Railroad, which it purchased in May for an undisclosed sum.
World ACD: Global airfreight market ticks up in June
Cargo shipments bounced back in June 2016, increasing 2.7 percent year-over-year, following several months of declines, according to industry analyst World ACD.
U.S. Silica Holdings to buy Sandbox Enterprises for $218.3m
The industrial minerals producer will acquire Sandbox, which provides innovative logistics solutions and technology for the transportation of proppant, the sand used for hydraulic fracturing in the oil and gas industry.
Deutsche Post Q2, first half profits surge despite slipping revenues
Meanwhile, the Bonn, Germany-based parcel carrier is withdrawing from long-distance bus service and selling its Postbus unit to FlixMobility GmbH for an undisclosed price, Deutsche Post DHL Group said in a statement Wednesday.
SGX nears formal offer for Baltic Exchange
The Singapore Exchange Ltd. is expected to make a formal offer shortly to purchase London’s Baltic Exchange, and sources put the value of the potential deal around $100 million.
NACPC launches cooperative chassis pool in Savannah
The North American Chassis Pool Cooperative has partnered with Consolidated Chassis Management to operate a pool of 40-foot premium chassis available for short and long-term use, the organization said Monday.