The third-party logistics provider will seek to raise 1.3 billion Swiss francs (U.S. $1.36 billion) in an initial public offering on the SIX Swiss Exchange that also will see CEVA’s headquarters moved from Hoofdorp, Netherlands, to Baar, Switzerland.

The State Department said the agreement will strengthen commercial and economic ties between the countries.

The world’s largest containership lessor named Ryan Courson chief financial officer, a 29-year old who joined the company last month as senior vice president of corporate development.

Despite Class I railroads thriving financially in 2017, just last month, the Surface Transportation Board cracked down on the railroads over deteriorating service after hearing from concerned shippers.

The “eco-friendly mega containerships” are part of the Korean carrier’s plan to grow its fleet’s carrying capacity to 1 million TEUs.

Patriot Rail Co. has appointed a new chief commercial officer, while JAXPORT has named its director of government affairs.

The Jacksonville, Fla.-based AMPORTS has vehicle terminals and processing facilities in ports on the East and West coasts of both the United States and Mexico.

The Treasury Department’s Office of Foreign Assets Control (OFAC) on Friday added over three dozen Russian and Ukrainian individual and entity designations pursuant to a sanctions statute enacted in August.

According to the European Commission, international shipping accounts for 2 percent to 3 percent of all global greenhouse gases emissions, a number that is projected to rise along with the growing world economy.

Imports at ports tracked by the National Retail Federation’s Global Port Tracker surged 15.8 percent year-over-year to 1.69 million TEUs, but the association warned a potential tit-for-tat tariff battle with China could significantly slow cargo growth.