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Spot container rates between Asia and Europe last week hit a six-month high, according to data from the Shanghai Shipping Exchange's Shanghai Containerized Freight Index.
The Federal Maritime Commission found the Northwest Seaport Alliance is not likely to reduce competition or result in an unreasonable increase in cost or reduction in service.
The U.S. State Department Monday released its annual “Trafficking in Persons Report” for 2015, in which it removed Trans-Pacific Partnership member Malaysia from its list of the worst offenders in the areas of human trafficking and slavery.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.