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Railcar manufacturer and lessor Greenbrier Companies and investment firm WL Ross said they formed a new entity that bought a 4,000-railcar lease fleet that is valued around $230 million.

U.S. ports along the Gulf of Mexico remained open Friday even as an oil spill gushing from a leaking well moved toward Louisiana and the rest of the Gulf shoreline.

Panalpina set aside $110.8 million to settle U.S. Department of Justice allegations relating to a former Nigeria subsidiary.

The Air Cargo Security Alliance, a coalition of 300 U.S.-based indirect air carriers, direct shippers and customs brokers, formally petitioned Janet Napolitano, head of the U.S.

Maersk Line plans to resume its weekly seasonal reefer calls at the Port of Halifax on May 18 with the arrival of the Maersk Palermo on the revised rotation of the TA4 trans-Atlantic service.

Marking a sharp change in the pattern that dominated the rail industry during the recession, nearly every Class I railroad operating in the United States increased employment by the time they made the

The Federal Maritime Commission is publishing a proposed rule designed to exempt licensed non-vessel-operating common carriers from the legal requirement to maintain published tariffs.

The Shipping Corporation of India will seek a general rate increase on the westbound trades from India to Europe, the third GRI this year.

OTTAWA — Canada offered the state of Michigan up to $550 million as a sweetener to get the legislature to give final approval to the building of a controversial new bridge between Detroit and Wi

The economy grew at a slightly smaller-than-expected 3.2 percent pace during the first quarter as consumers stepped up spending and businesses rebuilt inventories, the Commerce Department said.

Japan's second-largest air carrier All Nippon Airways lost a record $609.6 million in fiscal 2009, which ended on March 31, hugely multiplying its $44.7 million loss in fiscal 2008.

The major railroads of North America are enjoying a steady surge in freight shipments that is showing up in a range of industrial commodities and factory products.

Genesee & Wyoming -- an operator of short line railroads in North America, Australia and the Netherlands – saw first-quarter profit rise 15 percent to $16 million while the appreciation of f

American Railcar Industries posted a $7 million loss in the first quarter, but President and CEO James Cowan said bid requests are coming in for new car builds while demand has been strong for various

The Halifax Port Authority said it reached agreement with its two main container terminal operators, Cerescorp and Halterm, on setting performance standards designed to increase the speed of the impor

RailAmerica, one of the largest operators of North American short line railroads, lost $2.5 million in the first three months of 2010 but saw business turning higher in some key ways.

North American transportation companies are seeing initial, uneven signs of increasing demand but most remain cautious about declaring that a broad and sustained recovery is at hand, Standard & Po

Trinity Industries, North America’s largest freight railcar builder, saw its rail business lose more money in the first quarter while its overall profit shrank by 94 percent to $2 million.

The amount of post-explosion oil gushing into the Gulf of Mexico may be much higher than originally thought, and so far all attempts to control it have been unsuccessful.

The Port of Corpus Christi Authority will officially take over the U.S.

Truckload carrier P.A.M.

LAN Airlines, one of Latin America’s leading passenger and cargo airlines, earned a net profit of $88.3 million for the first quarter of 2010, an increase of 35.8 percent compared to the first q

Barge operator Kirby earned $24.9 million in the first quarter, a slide of 12 percent from a year earlier as generally low demand affected volume and pricing in the transportation and diesel engine se

Improving global economic conditions helped engine and equipment manufacturer Caterpillar swing to a profit of $233 million in the first quarter, compared with a $112 million loss in the first quarter

American Commercial Lines reduced losses by 22 percent in the first quarter, posting a negative $3.5 million due to lower demand and pricing in its transportation and manufacturing divisions.

Forth Ports rejected an improved takeover offer from a group of shareholders that values the UK's last listed ports operator at around $979 million.

Averitt Express added intermodal trailer and container operations to its line of trucking and other services as part of its “full-load/volume transportation” package for customers.

U.S.

Surface trade with Canada and Mexico rose for the third consecutive month in February, surging a record 24.1 percent compared with the previous February, one of the slowest months of the recession.

Glass and ceramics manufacturer Corning said a rebound in global auto sales caught the company with such tight inventories that during the first quarter the company had to send its emissions-control f

China purchased 115,000 metric tons or 4.5 million bushels of U.S. corn in its first major purchase of the grain from U.S. exporters since 2001, the U.S. Department of Agriculture said.

Mediterranean Shipping Company will implement a new general rate increase on the westbound trades from India to Europe.

Ports America appointed Claus Michael Svendsen to the position of Chief Process Officer.

Steel volume is showing some signs of improvement, Port of Houston CEO Alec Dreyer said during his monthly financial report to the Board of Commissioners.

BP and a unified response team including federal, state, Coast Guard and industry members on Wednesday were to begin controlled burns in an effort to control an oil spill still spreading in the Gulf o

A.P. Moller-Maersk agreed to sell its stake in the Yantian container terminal in China to a subsidiary of China's COSCO Pacific for $520 million, the company said Thursday.

Panalpina reported strong growth in ocean and air cargo traffic in the first quarter compared with a year earlier, but it only just remained in the black.

The Teamsters on Wednesday launched a multimedia blitz to push Congress to change federal law that makes it tougher organize FedEx Express drivers.

The port and city of Los Angeles rested their case after testimony Wednesday in the clean-trucks suit brought by the American Trucking Associations. Judge Christina A.

Drewry Shipping Consultants appointed Philip Damas a director of the company, with responsibility for developing Drewry Supply Chain Advisors, the specialist supply chain consulting practice within th