The mid-Atlantic port handled 2.56 million tons of general cargo during the first quarter of 2017, up 5 percent year-over-year, primarily due to an increase in car and container throughput.
The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act is sponsored by U.S. Sens. Roy Blunt, R-Mo., and Mark Warner, D-Va.
London-based Shipamax, a participant in the logistics technology accelerator Dynamo's initial program last year, is aiming to digitize dry bulk broker processes.
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The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
Separately, the three Japanese ocean carriers - NYK, “K” Line and MOL - on Friday filed an agreement with the Federal Maritime Commission to merge container operations.