In other news, China COSCO Shipping’s tanker unit, COSCO Shipping Energy Transportation, will order 14 tankers, according to a report from maritime news outlet Splash 24/7.

Phase II of the $35 million South Terminal Modernization project, construction of which is slated to begin in April 2018, will upgrade the facility’s dock structure and electrical system, the Pacific Northwest port said in a statement.

The technology startup provides application program interfaces (APIs) across parcel carriers to allow small businesses to quote shipping costs more accurately for domestic and international orders.

The containership owner posted operating revenues of $113.6 million for the third quarter of 2017, a 1.6 percent increase compared to $111.8 million for the three months ended Sept. 30, 2016, according to the company’s most recent financial statements.

According to Unishippers President Steve Leavitt, now is the time to tailor shipping processes to handle increased shipping volume and potentially longer transit times during the upcoming peak holiday shipping season.

U.S. Secretary of Transportation Elaine L. Chao confirmed that the port will receive one of the 10 FASTLANE small project grants for 2017, which the port will use for barge, rail and truck infrastructure upgrades.

The United States was the top country for acquisitions with a combined value of $129.4 billion in inbound and outbound deals, but the Middle East saw deal values spike 517 percent, according to the latest report from global law firm Baker McKenzie.

The $10 million gateway facility at O’Hare Northeast Cargo Center joins DHL’s two other Chicago facilities as the German forwarder expands its operations in the U.S. Midwest.

NYK Line and “K” Line got back into the black during the six months ended Sept. 30 after posting losses in the same 2016 period, while MOL’s earnings took a hit despite all three recording year-over-year increases in revenues.

Between Amazon’s rapid growth and unpredictability, third-party logistics providers say it is definitely a looming concern as to whether the e-commerce giant will be a threat to their business in the future.