Although activity slowed slightly in the fourth quarter, total deal value for mergers and acquisitions in the transportation and logistics sector spiked 206 percent from the same 2014 period, according to a new report from PwC US.
CP shifts tactics in Norfolk Southern takeover bid
Rather than pursue a potentially damaging proxy fight to install new leadership, Canadian Pacific is asking NS shareholders to urge the company’s board to “engage in good faith discussions with CP.”
BLG Logistics signs operating contract with bremenports
The Offshore Terminal Bremerhaven should be handed over to BLG Logistics at the end of 2018 or beginning of 2019, according to bremenports Managing Director Robert Howe.
Executive Moves: Aljex Software and Rico Logistics
Aljex Software names VP of business development, while Rico Logistics appoints e-commerce logistics director.
ITC finds injury from uncoated paper imports
The U.S. International Trade Commission on Tuesday determined that domestic industry is harmed by imports of certain uncoated paper from Australia, Brazil, China, Indonesia, and Portugal.
Port of Gothenburg continues major investments in 2016
In 2016, the Swedish port’s most significant investments are geared towards its new terminal, the Port of Gothenburg Logistics Park, a new truck entrance at the port and new terminal surfaces at its container terminal.
Kemp joins PMSA as Long Beach VP
Carl Kemp is returning to Long Beach, Calif. as vice president of the Pacific Merchant Shipping Association after a stint as senior advisor for legislative and public affairs at the Federal Maritime Commission.
Senate to vote on Customs reauthorization bill
After ironing out a dispute over taxing Internet access, the Senate is expected to vote this week on a Customs bill supported by industry because of its focus on trade facilitation and enforcement.
Maersk Group profits plunge in 2015
The Danish shipping conglomerate saw its earnings drop over 82 percent from the previous year thanks to what it called a “perfect storm” of falling container freight rates and low oil prices.
Hapag-Lloyd adds wide beam ships
German ocean carrier Hapag-Lloyd has purchased two wide beam ships from NileDutch, and will charter two sister ships for use in South America as well as four wide ships for a Canada-Mediterranean string.