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Ocean carrier COSCO continues to give no details other than to say it is “contemplating a plan on a material event” but claims trading suspension in not expected to exceed an additional month.
The Danish shipping conglomerate has also begun a program to buy back $1 billion in company shares over the next year.
The Southern California port laid out an ambition goal to move 35 percent of containers to and from its terminals by rail by the end of this decade.
No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
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.