FASA

Improved global trade, the e-commerce boom and an accompanying tightening of the industrial real estate market have helped air cargo volumes, which account for just 1 percent of world trade by volume but 35 percent by value, to new heights this year.

The transportation management software (TMS) provider recently unveiled a new embedded analytics business intelligence tool designed to help users better utilize the data generated by MercuryGate’s system.

The Port of New York and New Jersey handled 631,404 TEUs during the month, which was not only 7.8 percent more than in August 2016, but easily beat the previous all-time monthly record the port logged in July 2015, according to statistics.

The two parities failed to agree on the specifics of the proposed transaction, resulting in the entire deal being terminated, FSL Trust said in a statement Sunday.

PSA Turkey and IFM Investors of Australia have been approved under EU merger Regulation to acquire the operator and manager of Mersin International Port in Turkey, according to a statement from the European anti-trust watchdog.

The chassis pool management company will launch its “quick and seamless” booking system for chassis and other related equipment starting Oct. 2, Consolidated Chassis Management said in a statement.

New York-based luxury goods retailer Richemont North America has agreed to pay a $334,800 civil penalty to settle four violations of the Foreign Narcotics Kingpin Sanctions Regulations, according to the Office of Foreign Assets Control (OFAC).

The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.