A consortium led by private-equity giant Carlyle Group LP agreed Tuesday to buy the specialty chemicals business of Dutch paints giant Akzo Nobel NV for €10.1 billion ($12.6 billion) including debt, as competition among cash-rich buyout firms for bigger deals heats up.
A handful of Toys “R” Us stores will go on the block this week — and they are generating attention among retailers and real estate firms, alike.
Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts.
The amount of freight carried by the nation’s for-hire transportation industry, fell 0.4% in January from the month before, after it reached an all-time high in December, according to newly released figures from the Transportation Department’s Freight Transportation Services Index (TSI).
A week from now carriers that are not in compliance with the electronic logging device (ELD) mandate could officially be placed out of service during a roadside inspection.
BNSF Railway Co.’s $3.3 billion capital investment plan will put the railroad in a position to meet customers’ growth and service expectations this year, President and Chief Executive Officer Carl Ice told the Surface Transportation Board (STB) last week. Ice is one of two Class I executives to respond so far to the STB’s recent […]
Georgia Ports Authority and other officials on Monday broke ground on the $127 million Mason Mega Rail Terminal. The project will increase the Port of Savannah’s rail lift capacity to 1 million containers per year, and open new markets that will span an arc of cities from Memphis, Tennessee, to St. Louis, and from Chicago […]
The Port of New Orleans has given its blessing, and more, for a plan to redevelop a defunct city shipyard into an intermodal terminal.A new joint venture has acquired the former Avondale shipyard, a 206-acre site that under Northrup Grumman Corp. constructed its last ship for the Navy in 2013 and was once the largest […]
In one of the first signs that suggest the Chinese New Year has had little effect on air cargo demand this year, the Association of Asia Pacific Airlines (AAPA) said 2017’s airfreight growth has carried well into the new year, reporting a 7.3 percent increase in air cargo volume in February among its Asia-Pacific member […]
The trade war between China and the United States is brewing with China announcing plans to impose duties on U.S. goods worth USD3 billion.
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