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The Southern California port handled 703,652 TEUs in August, a 22.8 percent increase from August 2014.
With approval for a 40-year lease of the Richmond port facility, VPA will be able to make long-term investments to further enhance its container-on-barge service from Norfolk.
Rates from Shanghai to Northwest Europe and the Mediterranean dropped, while rates to the United States remained flat compared to last week.
No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.