Meanwhile, the United States Coast Guard will hold its first Marine Board of Investigation hearing on the largest U.S. maritime tragedy in decades from Feb. 16 through Feb. 26 in Jacksonville, Fla.

The railcar leasing company’s revenues and earnings were both down slightly year-over-year in the fourth quarter, but its full year results were almost identical to the previous year.

Container volumes grew more than 11 percent in Savannah last year and the port authority is investing in further expansion to accommodate even more growth in the near future.

Volume growth in 2016 is unlikely to match the 15 percent growth rate seen last year despite the opening of new, expanded Panama Canal locks, according to the London-based consultant.

Snow and ice from Winter Storm Jonas have paralyzed a giant swath of the United States since Friday, making it difficult for travelers and cargo carriers to get to their destinations.

The Department of Transportation has awarded the funds to seven separate firms for the purpose of maintaining 48 ships in MarAd’s National Defense Reserve Fleet over the next eight years.

On Jan. 18, United Kingdom-based courier services company Rico acquired a majority shareholding in Circle Express, which provides a collection and delivery service that is specifically targeted at the UK airfreight forwarding industry.

The German ocean carrier issued a general rate increase from Northeast Asia to Australia, scheduled to take effect March 1.

Kansas City Southern full-year net income in 2015 was down nearly 4 percent on revenues that fell 6 percent compared to the previous year, according to the company’s most recent financial statements.

The commercial aircraft manufacturer will recognize an after-tax charge $569 million ($0.84 per share) in its fourth quarter 2015 financial results, but said the charge will not affect top line revenues.