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Singapore investment company Temasek is seeking buyers for Neptune Orient Lines, parent of ocean carrier APL, according to reports from the Wall Street Journal.
The state of Washington passed a $16.2 billion transportation investment package designed to speed up the movement of cargo through ports and freight corridors in the Pacific Northwest.
The shipment management software provider's "Big Schedule" platform is intended to let shippers visualize their planned routes and better understand potential reliability and delay concerns.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.