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The House Energy and Commerce Committee on Thursday approved legislation to lift the nearly 40-year-old ban on crude oil exports, a move it said will boost the U.S. economy.
The ocean carrier will take delivery of two 3,600-TEU containerships from Aker Philadelphia Shipyard Inc. that are currently expected to be delivered in the third and fourth quarters of 2018.
U.S. Customs and Border Protection discovered more than $6 million worth of cocaine hidden in cases of Costa Rican pumpkins and squash at the Port of Philadelphia last week.
No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.