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Neptune Orient Line, the parent company of ocean carrier APL, said it remains focused on its core liner business.
Spot rates as measured by the Shanghai Containerized Freight Index fell 10.7 percent after spiking upward last week.
The Washington State Legislature approved a total of $32.9 million in its 2015-2017 Transportation Revenue Package towards three rail infrastructure and economic development projects in Eastern Washington.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.