Crude oil prices are are down about 4.6 percent this week as rising U.S. stockpiles and OPEC production have cushioned the impact of declines in North American output.
HNA Group Co., the acquisitive owner of China’s fourth-largest airline, has approached the biggest shareholder of CWT Ltd. to express interest in a possible bid for control of the third-party logistics provider.
America’s trade deficit shrank 13.9 percent to $40.4 billion in March 2016, the smallest since February 2015, according to figures released by the Commerce Department Wednesday.
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The 3rd Circuit U.S. Court of Appeals decision, which relies on a 1866 Supreme Court opinion, is being heralded as a victory for ocean carriers.
Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.