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French ocean carrier CMA CGM issued general rate increases on various trades.
The stop-gap funding measure also included an extension of the deadline for railways to implement Positive Train Control until 2018 at the earliest, a provision some Senate Democrats say shouldn’t have been included in a short-term transportation patch.
The Northern California port and industrial and logistics real estate developer CenterPoint Properties have begun discussing plans to develop transload and cross-dock facilities on a 20 acre site adjacent to a new rail yard at the Port of Oakland.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.