Purchase of 100 percent of outstanding stock garners about $83 million in cash.
Longshoremen reach tentative deal in New York
International Longshoremen’s Association and employer group said Tuesday they have agreement on a six-year contract covering local issues in the Port of New York and New Jersey.
Hapag-Lloyd does not see major mergers ahead
CEO says there are no current talks with CMA CGM; major shareholder Kühne does not want company to be taken over by French carrier.
U.S., Canada dispute WTO report circumstances
Circulated findings said United States violated several countervailing duty rules in levying CV duties on supercalendered paper from Canada.
Customs finds importer evaded glycine duties
California-based Ceka Nutrition didn’t declare merchandise from China and circumvented antidumping fees.
Ocean Transport: Power struggle
Drewry says carriers will experience “a lot more pain” this year.
U.S. ports expect record imports in July
“Imports from China and elsewhere are expected to continue to grow for the foreseeable future,” says National Retail Federation.
New EPA system electronically tracks hazardous waste
The e-manifest process is expected to save state and industry users about $90 million a year.
U.S. beef, lamb exports rise in May
China’s import duty rate on U.S. beef increased from 12 percent to 37 percent this past Friday.
South Carolina cargo hits monthly high
Ports Authority embarks on the largest capex project in its history.