FASA

International Longshoremen’s Association claims non-union operations have eroded working conditions at terminals in and around Philadelphia.

The deal to “bring together two global leaders in rail equipment, services and software” is valued at about $11.1 billion.

Performance may decrease significantly before operations cease; meanwhile, GeoSpace Labs is offering incentives for abandoned customers.

Treasury Secretary Steven Mnuchin says the U.S. and China have agreed to put tariffs “on hold” while they negotiate an agreement that would put a heavy emphasis on reducing the bilateral trade deficit and protecting intellectual property.

Germany’s largest port saw a 18.2 percent year-over-year decline in bulk cargo volumes.

The Shanghai Containerized Freight Index fell 3.2 percent last week, while Drewry’s World Container Index slipped 1.1 percent from a week prior.

The Water Resources Development Act provides for improvements to the nation’s ports, inland waterways, locks and dams.