Crude oil prices have risen about 60 percent from a 2016 low, but the risk that prices will again fall is forcing Maersk’s oil unit to explore bigger cost cuts than previously planned, according to group CEO Nils Smedegaard Andersen.

Combined United States carload and intermodal cargo volumes fell 11.8 percent in April compared with April 2015 and 7.8 percent for the first four months of 2016, according to data from the Association of American Railroads.

Maersk and UASC have both signed agreements to work with Qatar Liquefied Gas Co. and Royal Dutch Shell Plc to develop liquid natural gas as a maritime fuel.

d’Amico International Shipping appoints CFO, while Holland & Knight names senior counsel and NRF picks Loss Prevention Council chairman.

The Jones Act carrier saw volumes on its single eastbound transpacific string from China drop 18.1 percent in the first quarter 2016 compared with the same 2015 period.

The world’s second largest shipbuilding company attributed the operating loss of 26.3 billion won in the first quarter of 2016 primarily to costs associated with completing offshore oil projects as crude prices continued to plummet.

The total value of cross-border freight between the United States and North American trading partners Canada and Mexico slipped 2 percent year-over-year following a 7.7 percent drop in January, according to the Bureau of Transportation Statistics.

The U.S. Surface Transportation Board has filed a supplemental notice to a proposed rulemaking that would require Class I railroads and the Chicago Transportation Coordination Office to submit weekly data reports on service performance.

The Seattle, Wash.-based global logistics provider’s revenues, which industry advisory firm Stifel said were hindered by lower air and ocean rates, tumbled 15.4 percent year-over-year to $1.4 billion for the quarter.

A report by the National Oceanic and Atmospheric Administration (NOAA) concluded that the dredging at the Port of Miami caused damage to the area’s coral reef.