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The Senate approved the short-term FAA bill, which was passed in the House of Representatives Monday, just one day before federal aviation funding was set to expire.
Nordco, manufacturer of the new mobile rail car movers, said its machines offer the same performance as locomotives, but with more flexibility and less pollution.
President Obama has taken a full-court press approach to promoting the benefits of the now finalized Trans-Pacific Partnership with the goal to win over the American public.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."
Capacity growth was relatively stagnant across the three major east-west trades in the third quarter of 2015, as slowing global trade and an economic recession in China caused volumes to remain weak even during the summer peak shipping season.