FASA

The parcel and logistics giant will spend about $185 million to construct a package sorting and delivery facility at DP World’s logistics park adjacent to the London Gateway seaport, according to a statement from the company.

The less-than-truckload holding company increased operating income nearly 79 percent year-over-year in the third quarter of 2015, thanks in part to a 7 percent bump in revenues per shipment at YRC Freight.

The railroad transportation equipment manufacturer posted net earnings of $66.9 million on revenues of $765.5 million for the fourth quarter of its fiscal 2015 year, which ended Aug. 31.

Investment group’s transportation and logistics team compared the LTL carrier’s long-term performance to a team that focuses well on the basics and eschews fancy passes and dunks.

Cargo 2000, an IATA interest group, wrapped up a meeting last week in Vienna that focused on finalizing its airport-to-airport and starting revisions of its door-to-door process definitions for air cargo.

The Houston, Texas-based tank barge operator posted net earnings of $56.8 million and consolidated revenues of $532.6 million for the third quarter, a year-over-year drop of 25.9 percent and 21.8 percent, respectively.

The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.

French ocean carrier CMA CGM issued a general rate increase from all Asian ports to all Middle East Gulf ports.

The U.S. Navy used side scan sonar devices to locate the wreck under 15,000 feet of water, and additional equipment will be required to confirm ship’s identity, according to the National Transportation Safety Board.