The American Association of Port Authorities is concerned that local agencies with no nexus to ports are taking advantage of a federal program designed to help ports pay for security needs.

The Winston-Salem, N.C.-based BB&T Bank, which is facing profit pressure in account-based stock brokerage, will no longer provide equity research for freight transportation.

SCI names new CEO, while the Louisiana governor appoints commissioner to the Port of New Orleans board.

The asset-light transportation and logistics services provider posted a net income of $1.8 million for the quarter and $4.9 million for the first six months of the year, year-over-year declines of 89.1 percent and 83.8 percent, respectively.

Association of American Railroads President and CEO Edward R. Hamberger expressed how the rail industry’s position, which remains unchanged, claims forced access is an ill-conceived approach that compromises the efficiency of the entire network.

The Rome, Ga.-based freight broker’s purchase of Apex Freight Services will allow Scott Logistics to expand its market presence and contribute $20 million in additional annual revenues, according to a statement from the company.

Although activity increased from the first quarter, total deal volume and value in the transportation and logistics sector were still down 18 percent and 22 percent year-over-year, respectively, according to a new report from PricewaterhouseCoopers.

Echo posts strong second quarter Chicago-based Echo Global Logistics reported strong year-over-year increases in net income, revenues and truckload volumes during the second quarter of 2016.

Ocean carrier MSC has started investing in TRAXENS, a French start-up that produces technology for ocean container tracking.

The Dubai, United Arab Emirates-based global port terminal operator signed a memorandum of understanding with state-run Taiwan International Ports Corporation to build and operate Kaohsiung Port’s Terminal 7 in Taiwan.