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The ever-increasing size of containerships has led a decrease in average number of containers moved per hour in port and, in turn, to increased vessel delays, according to a new JOC Port Productivity study from IHS Inc.
Dubai-based Mercator, majority owned by the private equity group Warburg Pincus, plans to link Catapult's rate and quote management solutions with its own air cargo-focused technology.
The Federal Maritime Commission's report was based on feedback from industry leaders at four public forums held around the country to gauge the impacts of port congestion and examine possible solutions going forward.
The U.S. State Department Monday released its annual “Trafficking in Persons Report” for 2015, in which it removed Trans-Pacific Partnership member Malaysia from its list of the worst offenders in the areas of human trafficking and slavery.
Meanwhile, drayage drivers at Pacific 9 Transportation continue their strike in an attempt to be reclassified as employee drivers.
The future of the Export-Import Bank is still in doubt because it depends on passage of a long-term transportation bill that is expected to pass the Senate, but which faces strong opposition in the House.