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General Electric’s power and water division plans to quit manufacturing gas engines at its plant in Waukesha, Wisc., and open a new facility in Canada to access its export credit agency.
CSAV and Kühne Maritime will double down on their investments in the German container line by each investing an additional $50 million.
The U.S. Federal Maritime Commission has received 21 ocean transportation intermediary license applications and changes for review.
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.