U.S. gross domestic product increased 1.1 percent in the second quarter of 2016, according to the “second” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, nitrogen oxides, and greenhouse gasses at the Port of Long Beach in 2015.
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month at the same price ($225 million total).
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The Government Accountability Office has denied a competitor's protest that the U.S. Transportation Command improperly awarded a contract to operate a major military port.
Worldwide Flight Services appoints new CEO, while CSafe names director of strategic life science sales.
DSF said it expects intra-regional trades to grow in importance at the expense of the main east-west trades.