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The Georgia Ports Authority board approved expenditures of up to $12.6 million for the third phase of Savannah's yard crane electrification and a project to refurbish the concrete wharf at the Port of Brunswick's Mayor's Point Terminal at a meeting Monday.
Industry growth will necessitate 60 additional container terminals per year, and APM Terminals is looking at opportunities in all different types of cargo, according to Chief Executive Officer Kim Fejfer.
Chinese leader Xi Jinping, whose agenda in the U.S. includes commercial issues, Wednesday met with CEOs from Boeing, Apple and Cisco in Seattle on his way to visit President Obama in Washington, D.C. on Friday.
TOTE says "While this reflects that the ship was caught in rough seas and extreme weather, it is in no way indicative of the ship’s fate."
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.