Transport Topics
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Hyundai Merchant Marine will buy a 20% stake in Total Terminals International LLC, agreeing to a $15.6 million deal with Mediterranean Shipping Co. Jan. 19, one day after a U.S. bankruptcy court approved MSC's purchase from the bankrupt Hanjin Shipping Co.
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Volvo Trucks North America is recalling 6,127 of its model year 2013-2017 VNL and VNM trucks and model year 2017 VNX trucks with faulty software to prevent possible contamination of the brake system.
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XPO Logistics has won a contract to manage the primary parts distribution center in Memphis, Tennessee, for diversified manufacturer Cummins Inc., XPO said Jan. 11.
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Sales at U.S. retailers accelerated in December on the heels of stronger demand for motor vehicles, capping a year of improvement for the nation's merchants.
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