The Florida East Coast Railway delivered the first shipment ordered through its new EZ Buy web portal on behalf of freight broker Addison Transportation.
AirBridgeCargo posts strong Q1 volumes
In March alone, the Russian cargo airline handled 51,000 metric tons of cargo, representing its best month ever for tonnage in the company’s 12-year history.
UPS upgrades hybrid package vehicles
The express carrier is installing more efficient engines in more than 100 of its hybrid electric vehicles.
TMS consolidation: Kewill buys LeanLogistics for $115m
Acquiring the cloud-based multi-tenant TMS and managed transportation services provider will allow Kewill to expand the customer base of LeanLogistics’s platform through its broader global reach.
NEWS FLASH: TMS players consolidate as Kewill buys LeanLogistics
Kewill will pay Brambles, the Australian holding company that owns Michigan-based LeanLogistics, $115 million to acquire the cloud-based multi-tenant TMS and managed transportation services provider.
Roadrunner broadens LTL service network
Asset-light trucking and third-party logistics provider Roadrunner Transportation Systems has expanded its less-than-truckload service to include outbound service from Vancouver, British Columbia.
Hermann Yu, president of Yang Ming, dies at 59
Yu joined the Taiwanese shipping company in 1984 and became president in 2013.
Amazon profits beat estimates on fast delivery, cloud growth
The e-commerce giant’s strong results validated CEO Jeff Bezos’s customer-centric philosophy and the Amazon Prime membership model, sending company stock up the most in almost a year Friday morning.
Executive Moves: Air France-KLM and UPS
Air France-KLM names new CEO, while UPS appoints corporate controller and investor relations officer.
Port Authority of NY/NJ seeks SEC bond probe accord
The Port Authority of New York and New Jersey is seeking to resolve an investigation by the U.S. Securities and Exchange Commission into the agency’s bond statements on the financing of tunnel, bridge and road projects.