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Norfolk Southern Corp. will modify its Triple Crown Services (TCS) subsidiary to focus on the transport of auto parts, while other business will shift to the railroad's intermodal network.
Tensions related to John Walsh's leadership style and disparaging remarks about people opposed to plans for growing cargo and a freight-rail connection led the Port Canaveral Commission to seek his removal.
Rickmers-Linie, Schneider and U.S. Bank Corporate Payment Systems name chief officers, while NYK Ports and ABP appoint business directors.
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.