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The Surface Transportation Reauthorization and Reform Act of 2015 attempts to fund highway and infrastructure spending while remaining budget neutral through a series of offsets, including the application of some customs user fees for highway aid.
Legislators had hoped to pass a multi-year bill by Thanksgiving, but instead opted for a measure to extend federal transportation spending through Dec. 4 to avoid a funding shutdown when the current three-week authorization expires Friday.
Cargo thefts in the United States were up 7 percent in value despite falling 18 percent by volume in the third quarter of 2015 compared with the second quarter, according to the FreightWatch International Q3 2015 U.S. Cargo Theft Report.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.