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Carriers are benefiting from lower oil prices, but face capacity overhang.
CMA CGM Vice Chairman Rodolphe Saadé calls deal a "major new agreement."
The Federal Aviation Administration has proposed civil penalties against a large U.S. carrier and two shippers for alleged U.S. hazardous materials rules violations.
Congress passed a 7-day extension to keep the department running while negotiations over immigration dispute continue.
Texas’s exports reached $289 billion and California topped $174.1 billion in export value for 2014.
Economy grew at 2.2% pace, government says.