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The Georgia Ports Authority board approved expenditures of up to $12.6 million for the third phase of Savannah's yard crane electrification and a project to refurbish the concrete wharf at the Port of Brunswick's Mayor's Point Terminal at a meeting Monday.
The Memphis, Tenn.-based integrator posted net income of $692 million on $12.3 billion in revenues of for the first quarter of fiscal year 2016, year-over-year increases of 6 percent and 5 percent, respectively.
Container throughput at the port is up 9 percent through the first eight months of 2015 and CMA CGM has begun offering to handle inland transport to Richmond. according to the Virginia Port Authority.
No sighting of lifeboat yet as multiple aircraft and ships search the area for TOTE Maritime Puerto Rico ship and crew.
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.