The Port of Oakland commissioners have unanimously awarded Executive Director Chris Lytle a new three-year contract, keeping him on board through July 2019.

Gov. Nathan Deal said the wider set of canal locks that opened Sunday will enable the Port of Savannah to reinforce its market share for all-water trade from Asia.

The Obama administration is rushing to help contain the turmoil roiling Europe in the aftermath of the United Kingdom’s decision to leave the European Union (EU), with 51.9 percent of voters choosing to leave the EU, while 48.1 percent wanted to remain.

The U.S. Federal Maritime Commission has received five ocean transportation intermediary license applications and changes for review.

The Panama Canal’s third lane opened for business, following Sunday’s transit of the 9,472-TEU COSCO Shipping Panama.

The United States exported 794,537 net tons of steel in April, a 2.5 percent increase from March, but a year-over-year drop of nearly 6 percent.

The 9,742-TEU containership COSCO Shipping Panama began its historic passage through the expanded waterway, construction of which began back in 2007, Sunday morning.

The Shanghai Containerized Freight Index rose 5.6 percent since last Friday, fueled by the strong increases from Shanghai to Northwest Europe and the Mediterranean.

Union Pacific’s failure to maintain its track and equipment resulted in broken and sheared lag bolts, which caused the June 3 derailment of a train near Mosier, Ore., according to a preliminary report from the Federal Railroad Administration.

Meanwhile, the pound slid the most on record to its weakest since 1985, while the yen rallied on demand for haven assets, following Britain’s vote to leave the European Union.