FASA

After an unusual drop in orders for May, Class 8 heavy-duty truck orders were up 7 percent over the previous month and 38 percent over June of last year, according to freight transportation analyst firm FTR.

Despite a slight decline in demand, FedEx remains the top cargo airline in the world, according to the latest annual World Air Transport Statistics report from IATA.

AGT Food and Ingredients Inc., through its wholly-owned subsidiary AGT Terminal East Inc. (AGTTE), has acquired a minority interest in CanEst Transit Inc. at the Port of Montreal.

COSCO Shipping Development Co., the Chinese shipping conglomerate’s container leasing arm, has entered into a contract to purchase 154,000 units of second-hand containers from a third party seller, according to multiple news sources.

The Port of Prince Rupert in Canada is undergoing several simultaneous upgrades to expand capacity amid drastic cargo volume growth.

Meanwhile, the world’s largest ocean carrier also says that it is now up-to-date on short-term quotes, is progressing on issuing invoices and that its delivery process for imports is operational.

The investigation involves vessel fueling companies that are active in the ports of Amsterdam, Rotterdam and Antwerp, with several companies suspected of conducting illegal price-fixing agreements, authorities say.

Transportation Investment Generating Economic Recovery (TIGER) grants, issued annually, are given to multi-modal and multi-jurisdictional projects that are difficult to fund through traditional federal highway aid programs.

The digital truckload brokerage’s latest capital infusion indicates logistics investment won’t be slowing any time soon, as venture capital firms continue to back advanced online freight marketplace models.