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The ocean carrier members of the G6 Alliance will cancel four additional sailings in the Asia to Europe trade, one each on their Loop 4, Loop 5, Loop 6 and Loop 7 services.
Earnings grow despite decrease in revenue as company benefits from lower fuel prices.
Netherlands-based parcel courier TNT Express is expected to approve the $4.8 billion acquisition in October, but the transaction will still be subject to regulatory and anti-trust approval.
The U.S. Maritime Administration is trying to find maritime applications for zero emission hydrogen fuel cells, which have the potential to provide cleaner air and reduce costs for shippers.
The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
A deal for GE Capital Rail Services, which has assets valued at over $4 billion, could come by Labor Day, according to initial reports from Bloomberg Business.