The aircraft manufacturing giant will acquire KLX in a deal valued at $4.25 billion.
GCI acquisition boosts Seaspan’s earnings
The Hong Kong-based containership lessor reported a net profit of $67 million for the quarter as revenues rose 11.7 percent to $244 million compared with the same 2017 period.
YRC Worldwide softens loss in Q1
The LTL holding company recorded a net loss of $14.6 million, compared to $25.3 million last year.
Executive Moves: UPS and Hapag-Lloyd
Lou Rivieccio is named president of UPS Europe; Hapag-Lloyd appoints Lars Christiansen and Dheeraj Bhatia as region leaders.
Floating docks arrive at Damen Shiprepair Curaçao
Deliveries provide significant uplift in capability in the region
Driver misclassification crackdown
New Jersey governor sets up task force; California Supreme Court revises test for determining if a worker is an independent contractor.
Union Pacific partners in clean locomotive initiative
Switcher units are being repowered at a Progress Rail facility
Drayage driver groups support PierPass changes
Port of Los Angeles says reforms are a “step in the right direction.”
DHL Global Forwarding adds around-the-world flight
The bi-weekly transpacific air freighter provides additional capacity as volumes grow
Maersk’s new structure relies less on freight rates
A.P. Møller – Maersk’s new financial reporting structure, effective from the first quarter, coincides with its strategy to become a global integrator of container logistics with one bottom line.