The Japanese postal, banking and insurance conglomerate now expects to post a net loss of 40 billion yen (U.S. $362.4 million) for its fiscal year ended March 31, 2016, after taking a 400.3 billion yen writedown on Australian logistics arm Toll Holdings.

Total cross-border trade between the United States, Mexico and Canada grew 2.9 percent in February 2017, the fourth straight month of year-over-year increases, according to the Department of Transportation’s Bureau of Transportation Statistics.

Freight broker and third-party provider Echo Global Logistics reported a net loss of $2.9 million in first quarter 2017, compared with a $0.3 million gain in the same 2016 period, even as revenues grew 3 percent year-over-year to $415.8 million.

The container terminal operator handled 16.4 million TEUs across its global portfolio during the quarter, 3.7 million TEUs of which were handled at terminals in the United Arab Emirates.

The boards of both Maersk Line and the Oetker Group, which owns Hamburg Süd, approved the sale and purchase agreement today.

Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2017.

The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.

The port terminal operator arm of China COSCO Shipping saw earnings sink 65.6 percent to $37.6 million in first quarter 2017 despite a 7.5 percent increase in container throughput compared with the same 2016 period.

The Port of Palm Beach and ocean carrier Tropical Shipping, its largest tenant, have agreed to a new 10-year contract that will provide an additional $10 million in net income for the South Florida port.

UPS chief marketing and business services officer retires, while Norfolk Southern executive vice president and chief financial officer retires, and Port of Long Beach names new chief harbor engineer and director of program management.