The two companies will spend a total of $7.59 billion on the plant and create 8,500 new jobs in Bryan County, Georgia.

FedEx shipping rates are expected to grow by an average of 5.9% for U.S. domestic, export and import services.

Hapag-Lloyd, the only foreign company involved in HMM's bidding, was ruled out of the privatization process by creditor banks Korea Development Bank and Korea Ocean Business Co.

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.

The company said the vessels will be built at a "reputable Japanese shipyard" and delivered during the second half of 2026.

Nornickel, the world’s biggest refined nickel producer and palladium miner, was incorporated under the name Greenwich Holdings Limited in Dubai.

The truckload volume index (TVI) for vans fell by 7.0% while refrigerated TVI decreased by 3.4% and flatbed TVI shrank by 12.8%.

"The last 36 months at NFI have been extremely difficult to navigate," chief executive officer Paul Soubry told analysts August 16.

Farmers in the West African nation are expected to see the lowest output since 2010 in the season that ends September 2023, missing official forecasts by nearly a quarter.

The tool allows carriers to bid on available shipments and receive notifications letting them know if their bid is denied, accepted, or if a counteroffer has been made.