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The completion of the South Florida port's Deep Dredge project paves way for PortMiami to handle mega-size container ships from Asia.
Industry growth will necessitate 60 additional container terminals per year, and APM Terminals is looking at opportunities in all different types of cargo, according to Chief Executive Officer Kim Fejfer.
Norfolk Southern Corp. will modify its Triple Crown Services (TCS) subsidiary to focus on the transport of auto parts, while other business will shift to the railroad's intermodal network.
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.