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The completion of the South Florida port's Deep Dredge project paves way for PortMiami to handle mega-size container ships from Asia.
The Southern California port laid out an ambition goal to move 35 percent of containers to and from its terminals by rail by the end of this decade.
Without an extension past the original Dec. 31, 2015 deadline for implementation of Positive Train Control, shippers say the resulting "large-scale service disruption would be dire."
TOTE says "While this reflects that the ship was caught in rough seas and extreme weather, it is in no way indicative of the ship’s fate."
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.