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The 60 percent drop in oil prices in the past year has hurt some sectors of the U.S. economy and tamped down growth, according to Thom Albrecht, transportation analyst at BB&T Capital Markets.
Industry growth will necessitate 60 additional container terminals per year, and APM Terminals is looking at opportunities in all different types of cargo, according to Chief Executive Officer Kim Fejfer.
With approval for a 40-year lease of the Richmond port facility, VPA will be able to make long-term investments to further enhance its container-on-barge service from Norfolk.
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.