The mid-Atlantic port handled 2.56 million tons of general cargo during the first quarter of 2017, up 5 percent year-over-year, primarily due to an increase in car and container throughput.
The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
London-based Shipamax, a participant in the logistics technology accelerator Dynamo's initial program last year, is aiming to digitize dry bulk broker processes.
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Aggregate spot container freight pricing on eight major east-west trades between the United States, Europe and Asia are up 102 percent from the same time last year, according to maritime consultant Drewry’s latest World Container Index report.
Certain provisions of the merger agreement would have "jumped the gun" by allowing NYK, MOL and "K" Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.
U.S. Trade Representative Robert Lighthizer said in a call with reporters Thursday morning the administration hopes to renegotiate the deal, rather than scrap it altogether, the Washington Post reported.