In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, nitrogen oxides, and greenhouse gasses at the Port of Long Beach in 2015.
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month at the same price ($225 million total).
The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Dubai and now operates 18 offices and works with over 120 agents worldwide.
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Virginia-based visibility and analytics provider TransVoyant's system is rooted in work it's done for national security customers, but the company is now firmly rooted in the commercial applications market.
Trade associations representing air cargo interests and U.S. and European rechargeable battery suppliers on Monday called on governments to more strictly enforce lithium battery safety regulations.
The new warehouse is the first facility in Vietnam to provide a super frozen storage room, which reaches as cold at -58 degrees Fahrenheit.