FASA

The Jacksonville, Fla.-based Class I railroad said it is consolidating its operations administration from 10 to 9 divisions and closing administrative offices at Huntington, W.Va. in response to the slow down in coal business.

Atlas Air Worldwide Holdings will acquire privately held Southern Air Holdings, a longtime air cargo services provider, for $110 million.

Non-vessel-operating common carrier Vanguard Logistics Services has acquired South African firm ILA, adding offices in Durban, Johannesburg and Cape Town to its network.

U.S. Agriculture Secretary Tom Vilsack will lead a trade mission of agricultural exporters to Chile and Peru on March 14-18, with the goal to expand business with those two South American markets.

U.S. Customs officers stationed on the Mexican side of the border near San Diego, Calif. will check agriculture products moving by truck under a new cargo pre-inspection pilot program.

Hindered by the slowdown of global and domestic economies, the South Korean port handled approximately 19.45 million TEUs in 2015, 50,000 short of its throughput goal for the year.

The shipping carrier entered into an agreement with Groupe CAT to acquire its 50 percent shares in CAT-WWL, making Wallenius Wilhelmsen full owner of the finished vehicles services joint venture.

A total of 87.2 million tons of cargo was transported by U.S.-flag Great Lakes freighters in 2015, a 3.3 percent decline from 2014.

The United States Coast Guard began icebreaking operations last week on the Great Lakes and in the Northeast region of the United States.

Although the Federal Railroad Administration doesn’t have the authority to block railroad mergers, Administrator Sarah Feinberg told the Wall Street Journal there are “significant safety hurdles” to any merger involving a major U.S. railway.