The Memphis, Tenn.-based integrator posted a net income of $1.82 billion on revenues of $50.4 billion for the fiscal year 2016, which ended May 31, year-over-year increases of 73.3 percent and 6.1 percent, respectively.

The European Central Bank may ask lenders to further increase loan-loss provisions and assign more capital against nonperforming debt.

The logistics services provider’s contract logistics arm established a dedicated co-packing facility in the Jebel Ali Free Zone.

Radiant Logistics names chief operating officer of forwarding operations and chief commercial officer, while Agility appoints managing director of the Central Europe area.

The Omaha, Neb.-based trucking and logistics company released a second quarter earnings forecast well below analysts’ estimates, blaming sluggish freight demand and higher driver pay for the shortfall.

The so-called “Brexit” vote, in which voters will decide whether the United Kingdom should remain a part of the European Union, could have wide ranging effects on the shipping industry, according to legal experts and industry analysts.

The two Class I railroads will spend $28 million to make improvements along a 320-mile rail line between Meridian, Miss. and Shreveport, La., with work scheduled to start next week.

Logistics costs for U.S. businesses rose 2.6 percent in 2015, while the largest component of logistics costs, transportation, grew only 1.3 percent during the year, according to a report from the Council of Supply Chain Management Professionals.

The Memphis, Tenn.-based third-party logistics provider opened an office in Houston, allowing the company to re-enter a market that is expected to increase its imports and exports tonnage with the expansion of the Panama Canal.

The Swiss food and beverage company will sell its limited edition Grand Cru Cafecito de Cuba, the first Cuban coffee to be brought into the United States in more than 50 years, under its Nespresso brand starting this fall.