The Russian transportation and logistics company posted net profits of $12 million on revenues of $543.5 million for the first nine months of 2015.
Transport America buys Optimal Freight
Transport Corp. of America, a subsidiary of TransForce, has acquired an undisclosed majority stake in Optimal Freight, a privately held non-asset based truckload freight brokerage company.
WWL ups Europe to U.S. West Coast capacity
Wallenius Wilhelmsen Logistics will increase the capacity and frequency of its service from Europe to the U.S. West Coast in January 2016.
IAG Cargo increases capacity on London Heathrow-Tel Aviv route
The airline group will replace its remaining Airbus A321s with wide-body Boeing 777-200s between London Heathrow and Tel Aviv.
Executive Moves: Gemini Shippers Group and Kerry Logistics
Gemini Shippers Group names VP for the U.S. southern region, while Kerry Logistics appoints managers in its U.K. operations.
ABF Logistics acquires truckload brokerage firm
The third-party logistics services provider purchased private, non-asset truckload brokerage Bear Transportation Services for $26 million.
Congressional negotiators agree on 5-year highway bill
The $305 billion transportation reauthorization is smaller than many transportation advocates sought and doesn’t resolve problems with the Highway Trust Fund and user fee collections.
NEWS FLASH: Congressional negotiators agree on 5-year highway bill
The FAST Act, which provides $253 billion in funding over five years for highway and bridge infrastructure, motor carrier safety, hazmat safety, passenger rail programs and transit, now goes to the House and Senate for a full vote.
Amazon unveils Prime Air drone prototype
The online e-commerce giant plans to deploy different unmanned aircraft systems for its planned 30-minute UAS delivery service depending on the environment.
Shipping industry touts efforts to reduce emissions
With world leaders convening in Paris for global talks on how to slow climate change, the shipping industry says it is doing its part and ocean carriers say more efforts are underway to lower carbon dioxide output from vessels.