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The Federal Maritime Commission found the Northwest Seaport Alliance is not likely to reduce competition or result in an unreasonable increase in cost or reduction in service.
Import cargo volumes at the nation’s major retail container ports are expected to increase 7.3 percent in July, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
“When I was in Maryland we had a different word for that. We didn’t call it misclassification, we called it workplace fraud," Perez said in an interview on C-SPAN’s “Newsmakers” series.
Georgia Ports Authority said TEU volumes in Savannah have climbed almost 17 percent in the past 12 months.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Meanwhile, maritime consultant Drewry said it believes the sale of G6 Alliance member APL's parent company Neptune Orient Lines is unlikely at this time, despite the line being a "habitual loss maker."