The ocean carrier industry has seen unprecedented changes in the past year or so, but will rapid consolidation and a reshuffling of alliances actually allow carriers to raise rates and begin the long climb back to profitability?

The Cudahy, Wis.-based asset-light transportation and logistics services provider received a $540 million redeemable preferred stock investment from affiliates of private investment firm Elliott Management.

The state-owned shipping conglomerate will pay about $1.78 billion to have contracts for 14 containerships transferred from subsidiary COSCO SHIPPING Development Group, formerly known as China Shipping Container Lines (CSCL).

A small aircraft owned by Air Cargo Carriers that was carrying UPS packages ran off the runway into a wooded area after its wing struck the ground, according to early press accounts of the incident.

Since last Friday, the Shanghai Containerized Freight Index fell on trades from Shanghai to Europe, the Mediterranean and the United States.

Dubbed the Alert ELD system, the new electronic logging device mandate compliance solution is registered and certified with the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration.

North American intermodal freight volumes in the first quarter of 2017 ticked up 2 percent to 4.2 million units compared with the same 2016 period, according to the Intermodal Association of North America.

Neel Jones Shah, who previously served as chief operating officer of Florida-based cargo airline Amerijet and currently sits on the company’s board, joined technology and data-driven freight forwarder and customs broker Flexport as head of airfreight.

The U.S. Coast Guard is looking into four laser light “strikes” on commercial vessels that occurred between midnight and 3:00 a.m. on Wednesday in the southern Chesapeake Bay, according to a report from the Baltimore Sun.

The record tonnage, which caps 40 months of continuous cargo growth at the airport, comes as Hungarian capital hub nears completion of a new warehouse and office complex for DHL Express and TNT Express.