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Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
The U.S. Senate Appropriations Subcommittee on Transportation, Housing and Urban Development endorsed a fiscal year 2016 funding measure, which will now be considered by the full Senate Appropriations Committee.
Crowley Maritime promotes two vice presidents.
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.