The International Monetary Fund yesterday released its latest quarterly World Economic Outlook (WEO) Update, in which it projected the global economy will grow 3.4 percent this year, down from its October projection of 3.6 percent.

The third-party logistics provider opened a new branch office in Charlotte, N.C. to meet the needs of its expanding client base.

Canadian Pacific on Tuesday asked the U.S. Justice Department to investigate what it says is a concerted effort by the other Class I railroads to block its attempt to purchase number four U.S. railroad Norfolk Southern.

The 17th richest person in Taiwan, Chang was known as a bit of a maverick in the ocean shipping industry, as well as a philanthropist and environmental advocate.

Maersk Group recently announced it was upping the amount of paid maternity leave it will offer female employees, a positive move by the global liner carrier.

The Danish supply chain specialist’s $1.35 billion merger agreement with struggling third-party logistics provider UTi Worldwide is expected to close Friday.

The Polish Port, which made numerous investments throughout 2015, handled 35.9 million tons of cargo during the year, an 11.3 percent increase from 2014.

Truck tonnage growth decelerated toward the end of 2015 and could slow further in coming months because of inventory overhang, according to the American Trucking Associations.

The Saudi Arabian port reached a throughput of 1.3 million TEUs in 2015 and opened its fourth berth during the year, which gave it the capability to handle over 2.7 million TEUs a year.

Cargo volumes at Hong Kong International Airport totaled 4.38 million tons in 2015, a 0.1 percent increase from the prior year.