The online marketplace, which connects shippers with carriers, said it will use the financing it received through Sequoia Capital to help keep qualified drivers from leaving the industry by keeping them active.

The mid-Atlantic port on Thursday is scheduled to receive its first six rail-mounted gantry cranes abouard the heavy load carrier Happy Buccaneer as part of a $217 million contract with Konecranes for a total of 86 RMGs.

The proposed project would have potentially brought hundreds of thousands of crude oil to the Port of Vancouver USA each day for export to refineries on the U.S. West Coast.

The Geneva, Switzerland-based ocean carrier’s new roll-on/roll-off service between Europe and West Africa will commence Feb. 19 out of Le Havre.

Under the terms of the contract, Kuwait & Gulf Link Transport will procure, import, store and distribute food products from both the United States and local sources to support more than 20,000 U.S. military personnel in Kuwait, Iraq and Jordan.

The LogisticsExchange’s launch last week added weight to other entrants trying to smooth rate volatility in freight markets through forward-looking mechanisms.

The U.S. Army Corps of Engineers approved a project to deepen the port’s channels and harbor to 55 feet and widened to 1,300 feet.

The Memphis, Tenn.-based parcel giant’s decision to increase workforce compensation by more than $200 million, effective April 1, was fueled by the recently passed U.S. Tax Cuts and Jobs Act.

Global economic output is estimated to have grown 3.7 percent last year and is projected to accelerate to 3.9 percent in 2018 and 2019, according to the International Monetary Fund’s (IMF) latest quarterly World Economic Outlook (WEO) Update.

The nation’s five major West Coast container ports collectively handled 5.9 percent more inbound TEUs in November 2017 compared to a year prior, according to data released by the Pacific Merchant Shipping Association.