FASA

The global shipping industry will see earnings worsen, while freight rates will remain depressed amid ample supply, according to projections from the credit rating agency Moody’s Investors Service.

Major freight railroads in the United States employed 156,602 workers as of the middle of May, down 0.27 percent from the previous month and 11.69 percent year-over-year, according to data from the Surface Transportation Board.

Taiwanese ocean carrier Yang Ming Transport Corp. named former Evergreen Line executive Bronson Hsieh as its new chairman.

The A.P. Moller-Maersk Group, parent company of Danish liner carrier Maersk Line, has named Soren Skou as its new chief executive officer.

South Korea’s second largest shipping line seems to be turning a corner in its debt restructuring of late, and has now set its sights on joining the leading vessel sharing agreement by capacity on the major east-west trades.

The A.P. Moller-Maersk Group, parent company of Danish liner carrier Maersk Line, has named Soren Skou as its new chief executive officer.

U.S. Customs and Border Protection is making progress moving import regulatory filings off its old computer processing system to the Automated Commercial Environment.

Jacksonville, Fla.-based Crowley Maritime Corp. is adding a less-than-container-load option for exporters out of Houston.

Former Maryland congresswoman Helen Delich Bentley, who is revered in Maryland for promoting the Port of Baltimore, has gone into hospice care.