A Western Star truck leased by Penske in Australia.
Penske Truck Leasing and sister company Penske Automotive Group are expanding their heavy-truck leasing business in Australia, targeting operators with older trucks.

Hanjin terminal in Port of Busan
The Port of Busan plans to handle 20 million TEUs this year posting record volume in 2014, mainly because of healthy transshipment traffic.

Trucks at the Port of Santos
After 10 days of "spontaneous" protests, many independent truck drivers in Brazil have agreed to government-inspired peace talks aimed at preventing the South American country from grinding to a halt.

APM Terminals, Rotterdam
APM Terminals confirmed it asked three senior executives to quit their jobs at the Maersk Group’s port operating unit.

International Airlines Group’s cargo revenue declined 7.5 percent in 2014 from the previous year, largely because the owner of British Airways and Iberia quit freighter operations.

Mediterranean Shipping Co. is adding a new container service in the India-Australia-Mediterranean route, called the Australia Express, as the Geneva-based carrier beefs up its India connections to serve growing trade volumes.

Spot freight rates on the Asia-North Europe trade dropped to $938 per 20-foot container this week, falling 6.4 percent compared to the rate before Chinese New Year as cargo volumes out of China slowed over the holiday shutdown period.

Singapore-based Global Logistic Properties Limited (GLP) has completed the acquisition of one of the largest logistics platforms in the U.S. for $8.1 billion.

China’s train to Spain arrived in the city of Yiwu this week after completing the world’s longest rail route, and while the journey has been billed as a “success” by its operator, there is little information on the actual economics of the rail option to Europe.

Militants loyal to ISIS could bring Somali-style piracy to the Mediterranean, threatening the world’s largest trade lane, European officials warn.