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Truck drivers in the Ports of Los Angeles and Long Beach seeking to be recognized as employees have struck Pacific 9 Transportation six times in the past two years, and the current strike has been ongoing for 10 weeks.
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."
Ocean carrier members of the G6 Alliance announced they will void additional sailings on their Loop 1, Loop 4, Loop 5, Loop 6 and Loop 7 services between Asia and Europe.
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.