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The Hong Kong-based ocean carrier said the Asia-Europe trade was hit particularly hard during second quarter 2015.
HCI Equity Partners said it will put up shares in the Wisconsin-based asset-light transportation and logistics company at $24.75 a share, just one week after Roadrunner reported its second quarter profits rose 20 percent.
The World Trade Organization’s Information Technology Agreement was expanded last week to include additional tariff cuts on high-tech trade.
The MacArthur Lock, one of the two actively used locks that enable ships to travel between Lake Superior and the lower Great Lakes, will be closed for at least 10 days due to a malfunctioning gate.
Brent crude, considered by most analysts to be the global benchmark for oil prices, fell below $50 a barrel for the first time since January amid slowing demand growth and growing global oversupply.
The Maritime Administration's hoarding of proceeds from vessel sales, refusal to distribute maritime heritage grant funds and continued stonewalling of FOIA requests presents a troubling picture. And it’s not one of a transparent agency.