Iranian national Mansour Moghtaderi Zadeh pleaded guilty Thursday to taking part in a conspiracy involving the purchase and shipment of aviation parts and supplies from the United States to Iran without an export license.
California’s efforts to curb greenhouse gases could harm ports, freight industry
Pacific Merchant Shipping Association President John McLaurin said emissions could just end up be switched to other parts of country.
Teamsters calls ATSG’s cargo pilot split a ‘charade’
The International Brotherhood of Teamsters has asked the National Mediation Board to investigate whether two subsidiaries of the Air Transport Services Group should operate as one.
YRC profits plunge nearly 30% in Q3 2016
Less-than-truckload holding company YRC Worldwide saw net income in third quarter 2016 slide 29.8 percent to $13.9 million, but earnings were still up 19.8 percent through the first nine months of the year compared to the same 2015 period.
EU shipowners say CETA good for industry
European shipowners were relieved Thursday when the Belgian delegation to the EU and Canadian negotiations involving the Comprehensive Economic and Trade Agreement had agreed to move forward with the trade deal.
IAG Cargo’s Q3 revenues fall despite higher volumes
International Airlines Group subsidiary IAG Cargo had revenues of 240 million euros for the third quarter of 2016, down 7 percent from the third quarter of 2015.
Executive Moves: DHL Supply Chain and Kane Is Able
DHL Supply Chain picks transportation president, while Kane Is Able names senior VP of transportation and solutions.
Lack of market scale drove sale of XPO Truckload, Jacobs says
The Greenwich, Conn.-based third-party logistics provider said it will use the $558 million in cash from TransForce to pay down debt.
NEWS FLASH: TransForce buys XPO’s truckload business for $558m
XPO Logistics said the sale of its truckload operations includes approximately 3,000 tractors, 7,500 trailers and 29 facilities it acquired in its October 2015 purchase of Con-way Inc., and proceeds will be used to pay down debt.
Old Dominion posts stable Q3 results
The less-than-truckload carrier reported a net income of $85.6 million on revenues of $782.6 million for the third quarter of 2016, year-over-year increases of 1.4 percent and 0.4 percent, respectively.