FASA

The Dubai-based container terminal operator posted a cargo throughput of 31.4 million TEUs at its container terminals in the first six months of 2016, a 1.2 percent increase from the same 2015 period on a like-for-like basis.

The Montreal, Canada-based Class I railway posted a net income of C$858 million on revenues of C$2.8 billion for the second quarter of 2016, a year-over-year drop of 3 percent and 9 percent, respectively.

The U.S. government has established an air transport agreement with the Mexican government designed to increase trade and travel between the two nations.

Oliver Seidl replaces outgoing Chief Financial Officer Lutz Freytag, who will resign his position Nov. 30 after nine years to “tackle new challenges and dedicate more time to his personal pursuits,” the company said.

The deferred airfreight transportation services and drayage provider attributed the loss primarily to one-time costs associated with its acquisition of TQI, which accounted for $27.4 million ($0.90 per diluted share) of the second quarter 2016 net loss.

The U.S. Justice Department said executives at LATAM’s predecessor, LAN Airlines, set up a fictitious $1.15 million consulting agreement in October 2006 with an advisor to Argentina’s Ministry of Transportation secretary.

DHL Global Forwarding will provide breakbulk logistics services to a large mine in the African nation.

The Port of Long Beach Harbor Commission President has been re-elected, while TIACA appoints European Shippers’ Council chairman to its board.

Logistics costs for businesses in the United States grew in 2015, while spending actually slowed by nearly half from the 5.1 percent compound average rate over the previous four years and was flat relative to the overall economy.

A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.