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Several trade preference bills and Trade Adjustment Assistance also passed in addition to fast-track Trade Promotion Authority, and will now go to the House for another round of voting.
With 18 ships already in its fleet, the Athens-based shipping company plans to use the proceeds from an initial public offering to help acquire four more ships.
Nevertheless, ocean carriers have announced general rate increase for July 1.
Retailer diverted cargo, formed chassis fleet, and used untapped drayage to combat West Coast congestion.
Port disruptions caused by contentious dockworker contract negotiations likely reduced real export growth 1.5 percent in the first quarter, according to a recent study by the Federal Reserve Bank of New York.
A new whitepaper from CarrierDirect says 3PLs can become strategic partners of LTL carriers in tight capacity environment by reducing a major pain point for carriers.