Famed investor Warren Buffett once warned that investing in airlines was "a death trap." He may be rethinking his view on the airline industry now that the trade group for the world's carriers has predicted that the industry will pocket a record $39.4bn this year.

DHL Global Forwarding and United Airlines have expanded cargo service in Puerto Rico.

The Korea Offshore and Shipbuilding Association has released numbers confirming the expectations of many analysts: the number of actively operating shipyards around the world has fallen by more than 40 percent from what it was seven years ago.

The recent bankruptcy of South Korean ocean carrier Hanjin Shipping is causing "widespread disruptions" to supply chains across the country, according to the National Retail Federation, which wants the U.S. government to step in.

DHL has expanded operations in Seattle with the opening of a new service center.