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The global shipping industry has reduced total carbon dioxide emissions by more than 10 percent since 2007, according to the International Chamber of Shipping.
U.S.-flag vessel operator American Roll-On Roll-Off Carrier (ARC) has appointed Eric P. Ebeling to president and chief executive officer.
In a separate action, warehouse workers began a strike Tuesday morning against California Cartage warehouse in Los Angeles.
TOTE says "While this reflects that the ship was caught in rough seas and extreme weather, it is in no way indicative of the ship’s fate."
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.