Short-line and regional railroad operator Genesee & Wyoming (G&W) posted a net income of $549.1 million for the year, a 289 percent increase from 2016, according to the company’s latest financial statements.

The truck brokerage and managed transportation services provider will use project44’s integration layer to connect its carriers and clients on tendering, documentation and visibility.

Lima, Penn.-based third-party logistics provider Pilot Freight Services saw its revenues rise 10 percent year-over-year to $639 million in 2017, according to a recent statement from the company.

Hong Kong-based CargoX raised $7 million through an initial coin offering to build its smart contract-based house bill of lading solution.

The Japanese shipping company revealed Tuesday that employees at its car carrier unit subsidiary in China may have “committed unlawful expenditure or embezzlement.”

The National Transportation Safety Board last week released its final report on the investigation of the El Faro, a cargo ship that sank in October 2015 during Hurricane Joaquin while en route from Jacksonville, Fla. to San Juan, Puerto Rico.

A U.S. District Court in Minnesota sentenced a former Canadian Pacific Railway employee to a year in prison on Tuesday for his deliberate attempt to sabotage the company’s computer system.

Imported cargo containers at U.S. ports of entry increased 5 percent year-over-year in fiscal 2017 to over 28.5 million, with U.S. Customs and Border Protection processing 33.2 million entries and $2.39 trillion in imports during the year.

The U.S. Senate confirmed Ronald Batory as administrator of the Federal Railroad Administration and Ray Martinez as administrator of the Federal Motor Carrier Safety Administration.

The U.S. House of Representatives passed H.R. 4979 Tuesday under an expedited floor procedure, which would renew the Generalized System of Preferences program through 2020.