Business

Union Pacific has made it clear that it does not require government funding or ownership participation to move forward with its proposed $85 billion merger with Norfolk Southern, despite recent comments from U.S. President Donald Trump suggesting the federal government could consider taking a stake in strategically important companies.  Speaking in an interview with CNBC, Union Pacific CEO Jim Vena dismissed the idea that outside financial assistance would be necessary to complete the landmark transaction.  “We’re a company that can afford to handle what the price is for this deal,” Vena said....

ArcBest and its subsidiary ABF Freight have announced a general rate increase of approximately 5.9%, an unusual timing shift for...

The debate over the proposed Union Pacific–Norfolk Southern merger has intensified after a powerful bipartisan House committee called for a...

Alberta is moving to strengthen its skilled trades pipeline with a new initiative aimed at accelerating certification for workers preparing for Red Seal exams, as part of a broader effort to address ongoing labour shortages in key technical occupations.  The province has announced a $4 million investment to expand training opportunities in collaboration with the...

Neutral Air Partner is entering a new strategic phase, marking a clear transition away from rapid expansion toward a more disciplined, structured model built on collaboration, selective membership and deeper airline integration.  Since its launch in Hong Kong in 2016, NAP has grown into a global network of more than 400 specialists operating across around 150 countries. After a decade of expansion,...

Global engineering, consulting and mobility services group Egis has appointed transport industry veteran Mike Birch as its new Transportation Director...

Dutch offshore solutions provider SBM Offshore has signed an agreement with Nippon Yusen Kabushiki Kaisha (NYK) to sell a 45% ownership interest in the special purpose companies responsible for the lease and operation of the FSO Chalchi.  Following completion of the transaction,...

Greek shipowner Aegean Shipping Management has taken a significant step in its growth strategy by entering the Very Large Crude Carrier (VLCC) market for the first time, placing an order for four new tankers at China’s Hengli Heavy Industries.  The order, announced during Posidonia in Athens, includes two LR2/Aframax tankers...

In a landmark strategic shift, Global Ship Lease has entered the newbuilding market for the first time in its history, committing approximately $917 million to the construction of 10 new containerships as it prepares to modernise its fleet for the next generation of container shipping trades.  The Athens-based company announced that it has signed individual contracts for...

The latest U.S. Bureau of Labor Statistics (BLS) employment data reveals a mixed and somewhat unstable picture for the freight and logistics labor market,...