FASA

The Russian cargo airline finalized terms with Boeing on Tuesday to acquire 20 747-8 freighters, supporting its “long-term strategy” to grow its subsidiary AirBridgeCargo’s fleet and replace its current 747-400s.

The Southern California port attributed the 3.4 percent year-over-year increase in container volumes in June to rising imports, which jumped 5.5 percent year-over-year.

The board of directors of Canadian Pacific Railway Limited declared a quarterly dividend of $0.50 Canadian (U.S. $0.38) per share payable Oct. 24 to shareholders of common stock.

Vessel operators Marguisa, Maersk Line, Arkas Line and ZIM, along with slot takers CMA CGM and Hapag-Lloyd, will add calls to La Spezia and Genoa to their joint WAS service between the Mediterranean and West Africa.

Iron ore loadings from the United States on the Great Lakes and St. Lawrence Seaway in June primarily originated from Two Harbors, Minn. (1.4 million tons), followed by Superior, Wis. (1.3 million tons) and Presque Isle, Mich. (892,722 tons).

Both carriers have refuted analyst reports that industry leader Maersk Line intends not just to bring Hyundai Merchant Marine into the 2M Alliance it shares with MSC, but to merge with or buy the struggling South Korean line.

USAT Logistics announces half a dozen management hires and promotions, while the Northwest Seaports Alliance names operations service center and port operations heads.