The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.
The U.S. Department of Agriculture said the nation's agricultural trade surplus is also expected to increase to $19.5 billion for fiscal year 2017, up 40 percent from $13.9 billion for fiscal year 2016.
With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.
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The Federal Motor Carrier Safety Administration will launch a three-year trial program to determine whether or not young adjusts between 18 and 21 should be trusted to safely operate big rigs.
Crowley Maritime promotes new vice president of strategy, while Fleet Advantage expands the role of its chief technology officer and CEVA Logistics appoints country manager for Costa Rica.
SCI names new CEO, while the Louisiana governor appoints commissioner to the Port of New Orleans board.