FASA

The Memphis, Tenn.-based parcel carrier and third-party logistics provider saw double-digit year-over-year increases in both revenue and net income for its fourth quarter and full fiscal year.

The port terminal operator is giving 160 members of its staff in Gothenburg, Sweden, a notice of termination due to a decline in volumes resulting from a series of trade union blockades and strikes over the past year.

Mediterranean Shipping Co. subsidiary Terminal Investment Ltd. will purchase the remaining 50 percent of shares in the port at Portonave, Brazil, valued at almost $400 million.

Following extensive testing for potential pests, the U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has proposed a rule to allow the import of fresh pomegranate from Turkey into the continental United States, including Alaska.

Stevedoring company Metro Ports will become the bulk terminal operator for the Ports of Indiana’s Burns Harbor operation, effective July 1.

A federal court in Texas has fined two shipping companies $1.9 million for covering up vessel pollution in the Gulf of Mexico, according to a statement from the U.S. Attorney’s Office.

The automobile manufacturer claims the move is purely financial and will not account for any loss in U.S. hourly employment, according to multiple news sources.

The Taiwanese ocean carrier will initially offer direct, online booking to Alibaba.com’s customers from China’s main ports to Israel and the South American region.

The average U.S. logistics cost for shipping goods fell 1.5 percent last year after growing at a 4.6 percent compound annual rate from 2010 to 2015, according to the annual State of Logistics Report released Tuesday by the CSCMP and A.T. Kearney.