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Debate continued in the Senate Thursday on a multi-year surface transportation bill that would fund investment in highway, bridge and transit infrastructure, but House lawmakers disagree on how to pay for the measure.
The House bill is another temporary funding measure for highway and transit programs that is designed to last until a long-term bill can be debated in September.
Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.