Canadian Pacific Railway Limited posted a net income of $319 million Canadian on revenues of $1.69 billion Canadian for the fourth quarter of 2015, year-over-year declines of 29.3 percent and 4 percent, respectively.

The new service from the Port of Wilmington in North Carolina will connect with Charlotte starting this spring, and an another CSX intermodal hub in Raleigh is slated for a 2019 opening.

FedEx Ground will locate a new 300,000-square-foot distribution facility at the site of the former Bethlehem Steel plant at Sparrows Point near Baltimore city.

The Western U.S. railroad says an uncertain economy, energy markets, plunging commodity prices, and the strength of the U.S. dollar will be continuing challenges in 2016.

The European port handled 466.4 million tons of cargo in 2015, a 4.9 percent increase from the prior year, which primarily resulted from a surge in crude oil and oil products.

The National Shipping Company of Saudi Arabia reported skyrocketing profits in 2015 and experienced a significant fleet expansion after its merger with crude oil tanker company Vela Marine International Ltd.

The cargo-dedicated airline will invest $77 million in “Cargolux China,” a new joint venture Chinese cargo airline expected to commence operations in 2017.

The Dubai-based port terminal operator has been granted a 25-year concession to develop and operate a new logistics center in Kigali, Rwanda.

The acquisition of vehicle and automotive parts specialist De Rooy Logistics will allow Netherlands-based Jan de Rijk to expand its existing services within the industry, the company said in a statement.

China COSCO Holdings Company Ltd., which also owns container carrier COSCO and port terminal operator COSCO Pacific, has made an offer of $402 million for a 67 percent stake in the largest cargo port in Greece.