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Due to construction challenges and severe 2014 winter weather, the deck raising will now be completed in late 2017, with entire project to be completed in mid 2019, according to the Port Authority of New York and New Jersey.
European regulators may seek concessions from FedEx such as asset sales as part of its deal to acquire TNT Express, according to multiple media reports.
The parcel and logistics giant will offer direct access to its global service network, customs brokerage and management services to customers in the Jiangsu, Shandong, Zhejiang, Guangdong provinces, and the Chongqing Municipality.
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.