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Harold Daggett was elected for a second term as ILA president, while his son, Dennis Daggett, was elected executive vice president of the East Coast dockworkers' union.
Falling crude prices have yet to further lessen the average price of gas at the pump for U.S. consumers, but market analyst Lundberg Survey Inc. has predicted a more than 20 cent reduction in the coming weeks.
Although there are still some lingering congestion issues, retailers and logistics services providers are working together to ensure imports flow smoothly to store shelves.
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.