Oliver Seidl replaces outgoing Chief Financial Officer Lutz Freytag, who will resign his position Nov. 30 after nine years to “tackle new challenges and dedicate more time to his personal pursuits,” the company said.

The deferred airfreight transportation services and drayage provider attributed the loss primarily to one-time costs associated with its acquisition of TQI, which accounted for $27.4 million ($0.90 per diluted share) of the second quarter 2016 net loss.

The U.S. Justice Department said executives at LATAM’s predecessor, LAN Airlines, set up a fictitious $1.15 million consulting agreement in October 2006 with an advisor to Argentina’s Ministry of Transportation secretary.

DHL Global Forwarding will provide breakbulk logistics services to a large mine in the African nation.

The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers’ Council chairman to its board.

Logistics costs for businesses in the United States grew in 2015, while spending actually slowed by nearly half from the 5.1 percent compound average rate over the previous four years and was flat relative to the overall economy.

A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.

The independent containership owner and manager reported profits of $36.4 million on revenues of $224.3 million for the second quarter of 2016.

The Polish port saw general cargo volumes surge 31 percent year-over-year to 7.2 million metric tons.

The GPS tracking and fleet management solutions provider has launched its latest platform, DIRECTOR, which offers features like fuel use tracking, messaging and routing, driver behavior analysis and data reporting.