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Philip Seng, president and CEO of the U.S. Meat Export Federation, warned the U.S. meat industry is rapidly falling behind its competitors in the lucrative Chinese market.
The funds, part of a $1.6 billion distribution of federal money for homeland security purposes, can be used for risk mitigation planning; maritime domain awareness; detection of explosives and other weapons; training and related measures.
Federal railroad specialists are reviewing the New York & Atlantic Railway's ability to meet safety regulations in the wake of a July 8 accident in Queens, N.Y.
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.