The legislation, which would extend federal highway and infrastructure spending until Nov. 20, now goes to the Senate for approval in advance of the Oct. 29 expiration of current funding.
Port drivers strike additional Southern California drayage companies
Teamster President James P. Hoffa is scheduled to participate in a press conference at 10 a.m. Pacific Time and plans to walk the picket line with drivers at the ITS Marine Terminal in the Port of Long Beach today.
Hapag-Lloyd extends IPO offering period by one week
The German ocean carrier is expected to price shares at the bottom of its initial range of 23 euros to 29 euros per share, according to multiple media reports.
Three former Arc Electronics employees convicted of illegal exports to Russia
The Justice Department on Monday said Alexander Posobilov, Shavkat Abdullaev and Anastasia Diatlova were convicted of illegally exporting controlled microelectronics to Russia.
U.S. steel imports drop in September
The United States imported 2.77 million net tons of steel in September, a month-over-month decline of 9.4 percent and a year-over-year drop of 29 percent.
Port of Antwerp aims to strengthen trade with Iran
A delegation from the port met in Tehran, Iran with various ministries, petrochemical organizations and private companies to discuss Iran’s ambitions in shipping and commerce and the role the Port of Antwerp could play in those objectives.
UASC names new North American president
United Arab Shipping Co. has appointed Stuart Sandlin, formerly a vice president of sales at Hapag-Lloyd America, as president of its North American organization.
ZIM adjusts intra-Mediterranean loop
The Israeli ocean carrier is adding a call to Limassol, Cyprus to its ADX service, which currently operates between Israel, Slovenia, Italy and Albania.
Roadrunner lowers expectations for Q3, Q4 2015
The asset-light transportation and logistics service provider anticipates third quarter 2015 revenues will be between $490 million and $500 million, down from previous projections of $530 million to $555 million.
Lakes iron ore trade falls in September
Iron ore shipments on the Great Lakes totaled 5.6 million tons in September, a year-over-year drop of 20.6 percent.