FASA

Oak Brook, Ill.-based Hub Group will pay $306 million for the contract logistics firm, which owns and operates more than 1,200 power units and 5,000 trailers.

Since last Friday, the Shanghai Containerized Freight Index increased on trades from Shanghai to Europe and the Mediterranean, but declined on trades to the United States.

A May 24 hearing addressed the debate between steel corporations in the U.S. and China in an investigation into the impact of steel imports on U.S. national security.

Airlines for America said the Trump administration’s proposal to privatize the nation’s air traffic control system would result in shorter flights, fewer emissions and fewer delays, while the Alliance for Aviation Across America decried the measure.

In the final ruling in the case between the state of New York and UPS, a federal judge convicted the parcel carrier of transporting hundreds of thousands of cartons of untaxed cigarettes into the state from American Indian Reservations.

The SE8 service between Malaysia, Singapore and Vietnam will complement Yang Ming’s existing TSE loop, the Taiwanese ocean carrier said in a statement.

As part of Japan’s Transportation Research and Technology Promotion Program, MOL and Mitsui Engineering & Shipbuilding Co. have been selected to research and develop autonomous ocean transport systems.

The Monaco-based containership charterer will use the proceeds of a secondary stock offering for ship purchases and repayment of debt, Costamare said in a statement.

The Federal Maritime Commission’s Regulatory Reform Task Force, which was announced in March by Acting Chairman Michael A. Khouri, aims to identify burdensome, unnecessary and outdated directives, and recommend how they should be remedied.

The 40-foot premium chassis are equipped with radial tires, LED lights and auto inflation systems.