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Analysts have lauded the decision to let Coyote operate as it has in the past, as the $1.8 billion deal gives UPS significant access to the truckload market, which was previously a void in its portfolio.
EU antitrust regulators said Kuehne + Nagel, Express Interfracht, and Schenker operated as a cartel, fixing prices on their joint "Balkantrain" and "Soptrain" services in Europe from July 2004 to June 2012.
Federal Maritime Commissioner Mario Cordero is pressing terminal operators to justify a recent increase in PierPass fees, which they claim still do not fully pay for night and Saturday operations.
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.