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Meanwhile, lane outages in the existing locks for maintenance could reduce available capacity for vessel traffic by up to 50 percent through the end of the month, according to maritime support services provider Gulf Agency Co.
The U.S. Government Accountability Office said in a report issued Friday CPFA requirements have increased the overall cost of shipping food aid by an average of 23 percent from April 2011 through fiscal year 2014.
The Danish firm's acquisition of third-party logistics provider UTi is the latest in a string of international mergers in the 3PL industry this year.
Industry advisors to the Commerce Department are calling on the government to get involved much sooner when contract talks between dockworkers and terminal operators diminish port productivity.
A group of Republican House lawmakers on Friday exercised a rarely used “discharge petition” to gather enough support to force a vote on the chamber floor to reauthorize the U.S. Export-Import Bank.
The legislation (HR 702) also includes a provision to increase funding for the 60 ships in the Maritime Security Program from $3 million to $5 million.