Port Logistics Group and Coastal Logistics Group on Thursday announced a partnership that extends the geographic reach and service offerings for both companies.

The European Commission has issued 169 million euros ($225 million) in fines against 14 companies, including three in the U.S., in connection with air freight price-fixing charges dating as far back as 2003.

Consumer confidence decreased this month, the New York-based Conference Board said Tuesday.

It has become something of a cliché that what followed the economic deregulation of trucking in the early 1980s was even more regulation, albeit in different forms.

Trailer Bridge Inc., which provides ocean shipping between Florida, Puerto Rico and the Dominican Republic, has emerged from Chapter 11 with Seacor Holdings as its new majority owner.

Air and freight forwarder UTi Worldwide said its fiscal fourth-quarter net income slipped to $12.4 million, or 12 cents a share, from $14.5 million, or 14 cents, a year earlier.

XPO Logistics announced the closing of its public stock offering late Tuesday and said it received about $137 million in proceeds.

XPO Logistics said it has commenced a $126 million public offering of 8 million shares of its common stock.