Singapore-based global terminal operator PSA International and ocean carrier CMA CGM of France said they are ready to accept container weight data from shippers.

A total of 21 families of crew members from the ill-fated cargo vessel, which sank near Crooked Island, Bahamas Oct. 1 after sailing into the path of Hurricane Joaquin, have now accepted financial settlements with operator TOTE Maritime.

FedEx’s freight forwarding arm has hired Cindy Allen, while Megan Montgomery will take over day-to-day management of the National Customs Brokers and Forwarders Association of America.

Hyundai Heavy Industries Co., the world’s biggest shipbuilder, has laid a plan that includes 2.6 trillion won ($2.2 billion) in asset sales and workforce reductions in order to stay afloat amid a drop in new orders.

Hindered by weak world trade and increasing capacity, demand for air cargo remains soft, lagging behind “relatively robust” growth on the passenger side, according to the International Air Transport Association.

U.S. Customs and Border Protection said it will block the entry of any sweetener made with forced labor into the nation.

The South African investment company reached an agreement to purchase Palletways Group Ltd., which delivers about 8 million pallets of freight per year across 20 European countries, from Phoenix Equity Partners.

The international express parcel carrier more than doubled its cargo-handling operations in Tokyo with the opening of a new 20,000-square-meter facility.

The Green Bay, Wis.-based trucking and logistics firm announced the acquisitions of Watkins & Shepard and Lodeso, which both specialize in the delivery of difficult-to-handle goods such as furniture and carpet.

The Icelandic liner carrier posted net earnings of 1.8 million euros on revenues of 113.3 million euros for the first quarter of 2016, a year-over-year increase of 21.1 percent and 0.5 percent, respectively.