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.

Consumer confidence decreased this month, according to the Thomson Reuters/University of Michigan consumer sentiment index released Friday.

DHL Express said it will spend $47 million to upgrade its U.S. package express and cargo sorting facility and capability at the Cincinnati area airport.

The Transportation Intermediaries Association will focus its attention on government regulation, particularly the Compliance, Safety, Accountability program, when the trade group convenes March 21-24 in San Antonio.

Port Logistics Group said it has signed a multiyear service agreement with Canadian food retailer Loblaw Cos., the parent of the Joe Fresh clothing brand.