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The Federal Maritime Commission's report was based on feedback from industry leaders at four public forums held around the country to gauge the impacts of port congestion and examine possible solutions going forward.
The discount variety chain's 1.5 million-square-foot facility in Upstate, South Carolina is expected to generate major trade growth for the Port of Charleston, according to South Carolina Port Authority CEO Jim Newsome.
Hapag-Lloyd has reportedly picked Deutsche Bank, Goldman Sachs and Berenberg to assist it with an initial public offering, fueling speculation the German ocean carrier is accelerating its plan for a public float.
The U.S. Department of Commerce’s Bureau of Economic Analysis also revised a previous prediction of a 0.2 percent decrease in first quarter gross domestic product to a 0.6 percent increase.
The South Korean shipbuilder attributed the heavy second quarter losses primarily to a 2.3 percent decrease in overall revenues from last quarter.
The cargo-dedicated airport plans to build a new air cargo terminal and a new air traffic control tower.