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Tensions related to John Walsh's leadership style and disparaging remarks about people opposed to plans for growing cargo and a freight-rail connection led the Port Canaveral Commission to seek his removal.
The ocean carriers, which offer liner service to Puerto Rico and Alaska, will henceforth be known as TOTE Maritime, according to a statement from the companies.
Meanwhile, lane outages in the existing locks for maintenance could reduce available capacity for vessel traffic by up to 50 percent through the end of the month, according to maritime support services provider Gulf Agency Co.
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.