The Subcommittee on Coast Guard and Maritime Transportation will hear an argument that foreign carriers should not be permitted to collectively negotiate rates with domestic maritime service providers because it gives them an unfair advantage.
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The North Liberty, Iowa-based trucking and logistics company reported a net income of $14 million and operating revenues of $130 million for the first quarter of 2017.
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Newbuild orders for shipyards in China fell 25.4 percent year-over-year to 5.54 million deadweight tons in the first quarter of 2017 amid continued weakness in demand, according to a report from the China Association of the National Shipbuilding Industry.
The 250 million euro (U.S. $266.3 million) contract to deepen and widen the access channel towards Jawaharlal Nehru Port in Mumbai, India was awarded to Royal Boskalis Westminster N.V. and Jan De Nul.
The Jacksonville, Fla.-based Class I railway saw net earnings tick up 1.6 percent to $362 million for the quarter even as revenues jumped 9.6 percent to $2.87 billion compared with the same 2016 period.