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Ocean carriers deploy 540,034 TEUs of capacity each week through the Suez Canal, according to data from BlueWater Reporting’s Capacity Report application.
The $43.5 million construction project is designed to combat strong crosscurrents at Mile Point, which will help the Port of Jacksonville serve larger vessels.
FedEx Express agreed to purchase 50 additional Boeing 767-300F aircraft with an option for 50 more as part of the company’s fleet modernization effort.
Meanwhile, drayage drivers at Pacific 9 Transportation continue their strike in an attempt to be reclassified as employee drivers.
The future of the Export-Import Bank is still in doubt because it depends on passage of a long-term transportation bill that is expected to pass the Senate, but which faces strong opposition in the House.
Roadrunner's CEO Mark DiBlasi said the purchase of Stagecoach Cartage will expand its trucking network in the Southwest U.S. and along the Mexican border.