The commission said it has “reasonable grounds” to suspect the carriers engaged in collusive practices to fix incremental cargo rates from Asia to South Africa.
The terminal’s two berths became available earlier in 2016 when a lease with a bulk cargo operator ended, and although the port is mainly interested in responses to import/export bulk cargo, it will consider opportunities for other marine-dependent uses.
Newton Square, Pa.-based Sunoco Logistics Partners L.P. reached an agreement to purchase Vitol Group’s integrated crude oil business in West Texas for approximately $760 million plus working capital.
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The Atlanta, Ga.-based parcel giant announced rate increases for parcel and freight shippers, but the increases will vary by customer.
A survey conducted by American Shipper revealed that 40 percent of participants believe the most likely outcome of Hanjin’s predicament is that its assets will be liquidated and acquired by multiple carriers.
UPS Airlines’ pilots represented by the Independent Pilots Association today ratified a new five-year labor agreement with over 91 percent voting in favor of the deal, according to a statement from the union.