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Swift Transportation Company’s board of directors earlier this week also approved the repurchase of up to $100 million of the company’s outstanding Class A common stock.
U.S. Customs and Border Protection discovered more than $6 million worth of cocaine hidden in cases of Costa Rican pumpkins and squash at the Port of Philadelphia last week.
The builders of the new locks will reinforce the sills in all the locks, even where no leaks observed, and still expect to meet their April 2016 deadline, according to a statement from the Panama Canal Authority.
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.