FASA

In addition, the express delivery company shortened its European road transit times to and from Moscow up to 48 hours by connecting Russia via its its Warsaw, Poland hub.

The 60 percent drop in oil prices in the past year has hurt some sectors of the U.S. economy and tamped down growth, according to Thom Albrecht, transportation analyst at BB&T Capital Markets.

A lawsuit from Canadian National Railway accuses a former employee of sharing confidential client information with rival railroad Canadian Pacific, according to multiple media reports.

U.S. trailer net orders totaled 23,500 units in August, a 15 percent increase from July, according to the latest figures from the freight transportation analyst FTR.

The airfreight carrier will launch the only cargo service between San Jose, Calif. and Europe, effective May 4, 2016.

Norfolk Southern will change up its senior management with the Oct. 1 retirement of longtime chairman Charles W. “Wick” Moorman.

The forwarder will transport Toyota Material Handling Group’s new line of racking systems from suppliers to the company’s customer sites across Europe.

U.S.-flagged vessels transported 10.3 percent less raw materials in August compared with last year, as trade was hindered from the MacArthur Lock failure, continued high levels of steel imports and repairs for three 1,000-foot lakers during the month.

The seasonally adjusted For-Hire Truck Tonnage Index for August 2015 equaled 134.2, a year-over-year increase of 2.1 percent, according to the American Trucking Associations.

The Danish shipping conglomerate has also begun a program to buy back $1 billion in company shares over the next year.