COSCO Shipping’s $6.3 billion offer for the parent of Hong Kong-based ocean carrier OOCL is still dependent on several other preconditions, including anti-trust reviews by competition authorities in China, the European Union and the United States.

The Omaha, Neb.-based transportation and logistics services provider’s net income increased 19 percent year-over-year during the quarter to $22.5 million amid an improved freight market, according to Werner Enterprises’ most recent financial statements.

The increase in payments for third quarter 2017 was the largest quarterly gain since 2014, and was accompanied by a 3.3 percent increase in shipment volumes despite a difficult hurricane season, according to U.S. Bank.

According to the Vancouver Fraser Port Authority, the availability of large parcels of industrial land for logistics warehouses and cargo distribution centers is declining at an alarming rate.

Liner carriers APL and Cheng Lie Navigation (CNC Line) will launch the Korea China Straits (KCS) service on Nov. 18, which will deploy five Panamax vessels.

At a House hearing on infrastructure last week, Congress heard from highway and transit stakeholders, who all echoed the same sentiment: federal funds are necessary for infrastructure investment, yet they are shrinking.

The ports of Los Angeles and Long Beach released a draft version of their proposed 2017 Clean Air Action Plan (CAAP) update in July and are expected to vote on whether to approve it during a Nov. 2 joint hearing.

The Swiss-based freight forwarder recorded a consolidated profit of CHF 48.4 million (U.S. $49.6 million) and net forwarding revenues of CHF 4.1 billion during the first nine months of 2017, up 4.1 percent and 5.2 percent year-over-year, respectively.

For most companies, reaping the benefits of blockchain requires some preliminary internal work, as moving too quickly will run the risk of slowing down or even overwhelming operations, according to Matt Tillman, CEO of cloud-based TMS provider Haven.

Development of automated platooning, which enables groups of driverless trucks to travel in single file on a roadway, is further along than some might think, according to Steven Shladover of California Partners for Advanced Transportation Technology.