FASA

The $46.5 million intermodal hub in Cedar Rapids will cover 75 acres next to the Smith-Dows railyard.

The United States saw steel export volumes in May rise 1.1 percent from April, but fall 7.7 percent from May 2015, according to the American Institute for International Steel.

The European Commission has opened two separate in-depth probes into corporate tax exemptions granted by the French and Belgian governments to ports in an effort to determine if such benefits undermine competition with other EU nations.

The United Kingdom’s decision to leave the European Union, the refugee crisis, recent terror attacks, and low inflation levels were among the reasons the Washington-based fund lowered its projection for Eurozone GDP growth in each of the next three years.

Two dozen neopanamax vessels have transited the expanded Panama Canal since it opened June 26.

The mid-Atlantic port, which will be frequented by 10,300-TEU vessels starting at the end of this month, handled 216,672 TEUs in June, a year-over-year increase of 1.5 percent.

Meanwhile, longshoremen at the Floridian port on Tuesday will begin offloading cargo from the MOL Majesty, a 6,724-TEU vessel that transited the Panama Canal’s new locks last week.

Chattanooga, Tenn.-based technology incubator Dynamo , which was founded in March by industry veterans to help logistics startups accelerate their business opportunities, welcomed the first 10 startups out of more than 120 applicants.

The massive $5.3 billion project comes with “considerable safety concerns,” which could lead to accidents and delays for shippers and higher claims for insurers, according to a new report from the London-based risk management consultancy.

The Seattle-based terminal operator’s new Tuxpan Marine Terminal in eastern Mexico received its first customer last Monday with the arrival of the 4,178-TEU Hammonia Venetia.