Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on the West Coast of Mexico, representing an overall investment of $900 million.

The German cargo airline’s earnings before interest in tax totaled 3 million euros (U.S. $3.4 million) for the year, a 97.6 percent decline from 2014.

DB Schenker and GLS Group announced an agreement Friday to jointly provide parcel delivery services throughout Germany.

Premium Transportation Services, which does business as Total Transportation Service Inc., cited industry, political and legal headwinds as reasons it filed for federal bankruptcy protection in Delaware on Monday.

The Memphis, Tenn.-based integrator reported a net income of $507 million on revenues of $12.7 billion for the third quarter of fiscal year 2016, which ended Feb. 29.

Brookfield Infrastructure and Qube Holdings have ended their bidding war for Asciano Ltd., partnering with several global funds to purchase the Australian rail and port operator in a deal worth $6.7 billion.

The Class I railway said the decision to lay off workers at the railyard and mechanical facilities in Russell, Ky. was a direct result of a continued slump in coal volumes, according to a report from the Associated Press.

Sen. Amy Klobuchar, D-Minn., introduced an amendment to the Federal Aviation Administration Reauthorization bill that would eliminate the exclusion of all-cargo operators from the FAA’s new Flightcrew Member Duty and Rest Requirements.

The illegal narcotics, valued at over $6 million, were discovered inside a refrigerated container consisting of frozen pineapples from Costa Rica.

The inland river port in northeastern Oklahoma saw barge tonnage skyrocket 40 percent month-over-month in February to 186,951 tons.