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The clock is running out for Congress to reauthorize the U.S. Export-Import Bank's charter, which expires June 30.
The U.S. Senate Appropriations Subcommittee on Transportation, Housing and Urban Development endorsed a fiscal year 2016 funding measure, which will now be considered by the full Senate Appropriations Committee.
The FAA has proposed a $63,000 civil penalty against CTC Battery of Hayward, Calif., for allegedly violating federal hazardous material transport regulations.
Australian logistics and stevedoring firm Asciano, parent of Patrick Stevedoring, has confirmed it received a purchase offer of $6.8 billion from Brookfield.
BPO arrangement allows the express giant, which has been targeted for acquisition by FedEx, to focus on its core activities and customers service.
While many airfreight carriers around the globe saw a slowdown in growth, Middle Eastern cargo lines reported a drastic increase in airfreight volumes.