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Port congestion is causing layoffs and inability to reach overseas consumers.
Workers will try to clear backlog from terminals.
Timothy E. Marsh, former executive vice president of COSCO’s North America Trade Division, has joined CP as senior vice president of sales and marketing.
The shipping giant will return profits from the sale to its shareholders
Transpacific carriers cite port congestion and stronger demand as economy improves.
New style port directors are trying to tailor ports to industry supply chain needs.