The new service from Semarang Airport will be faster and more reliable than trucking cargo 310 miles to the Jakarta airport, according to PT. Yusen Logistics.

The roll-up third-party logistics provider posted a loss for 2015 due to many acquisition-related costs, but operating performance improved with the help of new logistics contracts, according to CEO Brad Jacobs.

The global logistics and freight forwarding company reported net earnings attributable to common stockholders of $114.45 million in the fourth quarter, up from $99.38 million during the same 2014 period.

The U.S. Transportation Department said $500 million will be made available for transportation projects as part of round eight of the administration’s Transportation Investment Generating Economic Recovery competitive grant program.

The ever-increasing size of containerships and large scale vessel sharing alliances are causing more volatility in the industry, according to a report in the latest edition of Drewry’s Container Insight Weekly.

A new white paper from transportation and logistics consultant CarrierDirect calls investment in information technology and creativity a key differentiator in a fragmented market.

The Federal Aviation Administration has proposed a $275,000 civil penalty against Atlas Airlines for allegedly operating an improperly repaired Boeing 747 cargo plane.

The Jacksonville, Fla.-based Class I freight railway currently has a market capitalization of about $25 billion.

CEVA Logistics has started a weekly less-than-containerload service from Shanghai to Budapest, Hungary.

The U.S. Federal Maritime Commission has received 50 ocean transportation intermediary license applications and changes for review.