The third-party logistics provider’s net income increased to $126.58 million despite revenues dropping 4.4 percent to $3.21 billion compared to the fourth quarter of 2014, according to the company’s most recent financial statements.

The Southeast Asian nation has selected the port operator and freight forwarder the Bolloré Group to build and operate the deepwater port at Dili under a public-private partnership agreement.

The Canadian government will provide nearly $2 million Canadian to open a new office in support of the reconstruction and economic recovery of the city of Lac-Megantic, Quebec, which was devastated by an oil train derailment in July, 2013.

The Greenbrier Cos. shuffles CFO position, while CargoTec’s CFO leaves the company in July.

Aviation workers in Brazil and Argentina have walked off the job today at LATAM Airlines Group, arguing for improved work conditions.

Commissioner Rebecca Dye will the lead Federal Maritime Commission effort to develop commercial solutions to supply chain challenges and related port congestion concerns.

WesPac Midstream LLC and Pivotal LLC have established a joint venture to construct the first liquefied natural gas dedicated marine terminal in the world.

Hanjin Shipping, Korea’s largest container carrier, reported a net profit of $6 million in 2015 compared with a loss of $396 million in 2014 despite lower revenues.

Ride-hailing company Lyft settled a lawsuit with its California drivers for over $12 million, while Flower Foods, the bakery responsible for such brands as Wonder Bread, Nature’s Own and Tastykake, is facing 18 lawsuits in multiple states.

The Atlanta, Ga.-based parcel giant posted a net income of $4.8 billion on revenues of $58.4 billion for 2015, a year-over-year increase of 59.8 percent and 0.2 percent, respectively.