Middle market buyout and growth equity investor Ridgemont Equity Partners will acquire and recapitalize the third-party logistics provider, according to a joint statement from the companies.
TNT posts smaller operating loss in Q3
The Netherlands-based parcel carrier has made “substantial progress” toward clearing European regulatory hurdles related to its acquisition by FedEx Corp., according to CEO Tex Gunning.
Hapag-Lloyd: Financial outlook for 2015 unchanged
The German ocean carrier, which is in midst of an initial public offering on the Frankfurt stock exchange, reiterated its revenue and earnings projections after competitor Maersk Line trimmed profit expectations Friday.
FedEx ramps up for holiday package push
The express carrier is preparing to move upwards of 317 million shipments between Black Friday, Nov. 27, and Christmas Eve, a 12.4 percent year-over-year increase in seasonal volumes.
New California Proposition 65 Notices
Professional New California Proposition 65 litigant — Whitney R. Leeman — issued new “60-day” notices in the past few weeks alleging that brands and retailers sold Vinyl/ PVC Bags (Notice 1, Notice 2, Notice 3) in California that contained di (2-ethylhexyl) phthalate (DEHP) in violation of a California law known…
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ITC: India improving trade, investment policies
India has made “significant changes” to some of its trade and investment policies since Prime Minister Narendra Modi assumed office in May 2014, according to the U.S. International Trade Commission.
FASA/Gemini Urges Congressional Action on Customs Legislation
Congressional Action – On October 1, FASA/Gemini joined dozens of organization in urging Congress to quickly approve long-pending customs re authorization legislation.
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Congress to Vote to Delay January 1 Deadline That Could Halt Rail Traffic
On October 2, FASA/Gemini joined the U.S. business community in urging Congress delay the January 1, 2016 deadline for railroads to install Positive Train Control (PTC). The U.S. House of Representatives could vote on legislation as early as this week….
TPP Deal Reached
On October 5, trade ministers for the U.S., Vietnam, Japan, and 9 other countries, meeting in Atlanta, announced a Pacific Rim trade deal-known as the Trans-Pacific Partnership (TPP) Free Trade Agreement-after a week of intense of negotiations (White H…
Hurricane Particia causes little damage to Mexican ports
The ports of Manzanillo and Lazaro Cardenas reopened over the weekend after being struck by what was at one point reported to be the strongest hurricane ever measured in the Western Hemisphere.