The independent containership owner and manager purchased the vessels for $195.6 million.
The U.S. Commerce Department’s International Trade Administration released a report Wednesday, showing that 92 percent of more than $1.3 trillion worth of U.S. goods exported in 2015 were likely affected by foreign technical regulations.
The Arab ocean carrier's shareholders would own 28 percent of the combined company, while the existing shareholders of Hapag-Lloyd would own 72 percent of the new company.
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FedEx's freight forwarding arm has hired Cindy Allen, while Megan Montgomery will take over day-to-day management of the National Customs Brokers and Forwarders Association of America.
The two Class I railroads will spend $28 million to make improvements along a 320-mile rail line between Meridian, Miss. and Shreveport, La., with work scheduled to start next week.
Guillermo A. Sanchez-Badia of Miami was sentenced late last week to 12 years in prison for his role in a scheme to defraud two commercial lenders and the U.S. Export-Import Bank out of more than $11 million.