The Mississippi ports signed cooperative agreements with the Cuban government in Havana earlier this week despite uncertainty surrounding U.S. relations with the Communist Caribbean island, according to a report from Reuters news service.
The terminal operator increased spending from $70 million to $200 million in preparation for ultra large containerships.
XPO Logistics Chairman and CEO Bradley Jacobs said strong e-commerce growth more than offset the weak intermodal environment during the quarter.
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Port says a softer U.S. dollar and big agricultural harvests resulted in a 20 percent increase in container exports in October.
Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
The Honolulu-based ocean carrier said the two vessels will be the first of their kind to serve the Hawaii-Mainland trade lane, operating fully on liquefied natural gas from day one in service.