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Philip Seng, president and CEO of the U.S. Meat Export Federation, warned the U.S. meat industry is rapidly falling behind its competitors in the lucrative Chinese market.
Neptune Orient Line, the parent company of ocean carrier APL, said it remains focused on its core liner business.
The U.S. Maritime Administration, Foreign Agricultural Service and U.S. Agency for International Development have all been asked to produce documents and information relating to negotiations to change the Maritime Security Program.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.