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The completion of the South Florida port's Deep Dredge project paves way for PortMiami to handle mega-size container ships from Asia.
The five Market Development Cooperator Program-backed projects are expected to generate more than $653 million in U.S. exports over the next three years in return for the one-time $1.4 million federal investment.
The National Customs Brokers and Forwarders Association of America said its partnership with the Commerce Department agency will "strengthen the competitiveness of the logistics and transportation industry."
After completing the long-awaited Trans-Pacific Partnership agreement on Monday, the Obama administration now faces its next challenge: promoting the trade pact to Congress and voters.
Just prior to announcing the board of TNT Express had approved its sale to FedEx, the company issued an investor alert warning shareholders that third quarter 2015 profits would be “materially lower” than in the third quarter of 2014.
A massive influx of refugees fleeing the war in Syria has resulted in increased wait times at border crossings and reduced volumes for trucking carriers, according to the International Air Cargo Association.