The U.S. Federal Maritime Commission has received 29 ocean transportation intermediary license applications and changes for review.

Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, “K” Line and NYK issued general rate increases.

XPO Logistics says YRC Freight, a top rival in the less-than-truckload space, improperly lured two key executives who brought with them confidential information and other key employees that would help blunt XPO’s market strategy.

TNT Express on Friday said it has entered an agreement to sell its airline operations, TNT Airways and Pan Air Líneas Aéreas, to ASL Aviation Group.

Canadian Pacific published a third white paper regarding its proposed acquisition of Norfolk Southern Corp., and the U.S. Surface Transportation Board has begun to receive letters from rail customers in support of the controversial takeover.

A $60 million upfront payment by Ports America and TIL gives the Northern California port limited recourse following their departure from Oakland Harbor Terminal, according to a research note by Fitch Ratings.

Rates from Asia to Northwest Europe and the Mediterranean have dropped for the past five consecutive weeks.

Non-asset based freight brokerage and transportation management service provider Echo Global Logistics set a fourth quarter record for total revenues as it continued to expand its market share.

The plummeting dry bulk rates are being blamed on an imbalance of fleet supply and demand, along with stagnant cargo trade resulting from the slowdown in China’s economy since last fall.

XPO Logistics Inc. continued to implement its cost cutting plan at the former Con-way Inc., closing freight terminals in what it described as “remote” locations.