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A bipartisan Senate bill would set transport policy and investment for six years, but is only funded for three years using money that would be redirected from other parts of the government.
The U.S. Department of Agriculture said the changes to the program will allow license holders to more easily adjust to changing market conditions affecting the dairy sector.
Officials from the California Department of Transportation plan to partially reopen the closed-off section of the important freight thoroughfare Friday.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.