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TUI, the German tour operator that owns almost half of Hapag-Lloyd, sold part of its stake to the container line's other shareholder and said it may sell up to 30 percent through an initial public off

NYK Line (North America) named William F. Payne as its new president on Thursday.

Angolan authorities released a U.S.-flag vessel operated by Maersk Line Limited. The government had detained the ship Wednesday to investigate containers containing ammunition.

Horizon Lines reported a fourth quarter net loss from continuing operations of $46.4 million, including a $30 million charge covering part of a $45 million

AMB Property, the U.S.-based industrial real estate group, and Germany's Allianz Real Estate formed a $648 million joint venture to invest in trade related logistics properties in the eurozone.

Beluga Shipping will undertake a "comprehensive" financial restructuring, the Germany heavy-lift and project cargo carrier announced March 3.

Peter J.

Trailer Bridge named Roberto Lugo to the newly created position of general manager for Puerto Rico marketing, sales, and administration.

Hanjin Shipping will increase its freight rates on the Asia-Europe and trans-Atlantic trades as of April 1.

Lufthansa Cargo is significantly expanding its freighter network with the launch of new services to China, the U.S., Spain, India and Pakistan.

The House voted, 421 to four, to extend federal surface transportation spending programs at current levels through the 2011 budget year that ends in September.

The International Air Transport Association March 2 cut its estimate of global airline profit in 2011 as surging oil prices driven by turmoil in the Middle East outweigh the impact of rising traffic.

Heavy truck orders slowed 11 percent in February, but remained high enough to keep truck plants humming well into 2011, according to ACT Research.

Freight traffic for European airlines grew 8.2 percent in 2010 in a tepid recovery following two years of decline, according to the Association of European Airlines.

The House Transportation and Infrastructure Committee will begin late this month to write its next six-year surface transportation legislation, said Chairman John Mica, R-Fla.

Average spot rates on a key trans-Pacific container route posted their third consecutive weekly decline and are 37.2 percent below their peak last August, Drewry Shipping Consultants reported.

The six member carriers of the U.S.-Australasia Discussion Agreement announced a general rate increase that will take effect on April 15.

Americans took to the road in increasing numbers last year, taking advantage of relatively low fuel prices as increased confidence in the economic recovery.

Nearly 150 members of Congress urged the Obama administration to drop its proposed hours-of-service rule and keep the current work rules for truck drivers.

Goldenport, the London-listed container ship and bulk carrier owner, said it will invest in both sectors as it unveiled narrower losses for 2010.

American Feeder Lines, which is seeking financing for a U.S.-flag coastal service, said it will launch weekly container ship service this spring between Halifax and the U.S.

India plans to spend an estimated $47 billion on infrastructure development during fiscal 2011-12 to accelerate economic growth and expand global trade.

Swedish manufacturer TTS Marine contracted to build and install roll-on, roll-off equipment to provide cargo access for four car carriers.

OOCL plans to stop providing chassis for import and export haulage at nine more U.S. cities as of May 1.

The CKYH Green Alliance of four Asian ocean container carriers is boosting capacity on Asia-North Europe routes with the addition of a new service.

French trucking, logistics and forwarding company Norbert Dentressangle reported higher profit and revenue for 2010 and said it expects its $310 million

Truckload capacity slackened slightly in the last two weeks of February but remains significantly tighter than in recent months, according to Longbow Research.

U.S. West Coast ports started 2011 off with a bang, with total container volume in January up 13 percent over last January.

A standoff ended Tuesday between the departments of Transportation and Energy over the use of U.S.-flag vessels to transport goods purchased with DOE loan guarantees.

Container ship lines are poised to break a years-long pattern of vessel capacity expanding faster than cargo volume but only if they avoid another ship-ordering binge, Dynamar says in a report profili

The Surface Transportation Board's current sole Republican member, Vice Chairman Charles D.

CMA CGM thinks the supply of vessel capacity on the trans-Pacific this year needs to be expanded to meet growing demand in both directions, so it and its

APM Terminals March 1 announced a $1 billion investment in a container port in Costa Rica.

Trade using surface transportation between the U.S. and Canada and Mexico posted a year-to-year gain of 13.8 percent to $66.5 million in December, the Transportation Department reported.

U.S.

Amazon.com will build a 1 million-square-foot logistics center in Rheinberg, Germany, in the western part of the country, scaling up the online retailer’s distribution capacity in Europe.

The Justice Department is investigating possible anticompetitive behavior in the time-sensitive parcel market, a department spokeswoman confirmed today.

Maersk Line plans to enhance its trans-Pacific service network at the end of May by expanding port coverage to the Yangtze River and other outlying cities.

Econocaribe Consolidators, a Miami-based non-vessel-owning common carrier, is joining INTTRA, the e-commerce platform established by 30 shipping lines for cargo booking.

Kuehne+Nagel reported 2010 net profit grew 28.7 percent from the previous year on sharply higher ocean and air freight volumes and gave an upbeat assessment of prospects for 2011.