No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a “discharge process” to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.
European regulators may seek concessions from FedEx such as asset sales as part of its deal to acquire TNT Express, according to multiple media reports.
The six-month stop-gap funding measure, approved by the House and Senate earlier in the week, buys Congress until March 2016 to negotiate a long-term Federal Aviation Administration bill.
The Danish ocean carrier will alter its ME2 and ME3 loops between the Mediterranean and the Middle East and Indian Subcontinent this month.
Costs of stores such as lube oil fell the most, but crew costs were also lower in 2014 compared to previous years, according to a new report from the accounting and consulting firm.
No reasons was given for NYK’s decision, but industry officials say it is tough for carriers to make money in the north-south trade lanes today.
Ocean carrier CMA CGM’s 18,000-TEU containership, the CMA CGM Bougainville, became the first ship in the world to implement TRAXENS’ technology, which monitors and tracks containers throughout their transport.
The Hamburg-based logistics provider and terminal operator will boost the efficiency and capacity of the Port of Hamburg’s Container Terminal Burchardkai by adding four additional automated storage blocks at the terminal.
The Icelandic liner carrier will add calls in Denmark, Sweden and Poland to its Gray Line loop, which currently operates between the Faroe Islands and Scotland.
Skylink became the carrier’s ground handler at Amsterdam Airport Schiphol Aug. 1.
Due to construction challenges and severe 2014 winter weather, the deck raising will now be completed in late 2017, with entire project to be completed in mid 2019, according to the Port Authority of New York and New Jersey.
PortMiami and Port Everglades will work together, rather than compete, to market South Florida as a gateway for Asian goods at the upcoming TPM Asia Conference in Shenzhen, China.
The builders of the new locks will reinforce the sills in all the locks, even where no leaks observed, and still expect to meet their April 2016 deadline, according to a statement from the Panama Canal Authority.
Dry bulk and container shipping sectors are those most likely at risk of damage from the economic slowdown in China, while the tanker industry should prove to be resilient, according to a new report from Fitch Ratings.
The U.S. International Trade Commission said the overall effect of the Caribbean Basin Economic Recovery Act on the U.S. economy remains minute, while the effect on beneficiary countries is “small but positive.”
Year-over-year cargo volumes were relatively flat in August, an improvement from the 0.6 percent contraction in July, but volumes are still down 2 percent from the end of 2014, according to the International Air Transport Association.
The West Michigan Shoreline Regional Development Commission will receive $62,500 and the commission and Michigan State University will receive $111,706 in grant money from the Economic Development Administration.
Based on the Obama administration’s limited annual review, Generalized System of Preferences will now include five upland cotton fiber products and the reinstatement of the Ukraine in the program.
