Industrials

Dubai's DP World acquires Danish Unifeeder for $748 million

Global port operator DP World says it has acquired Danish logistics firm Unifeeder for $748 million, about 660 million euros, helping the Dubai-owned company expand its foothold through the largest feeder and shortsea network in Europe.

Michigan Senate OKs bill to enable Great Lakes pipeline deal

The Michigan Senate voted Wednesday to facilitate a deal to replace a contentious 65-year-old oil pipeline in the Great Lakes, approving legislation to empower a new authority to oversee the construction and operation of a utility tunnel that would encase the new pipeline.

Trump task force recommends ways to boost Postal Service

A task force created by President Donald Trump to evaluate ways to stem billions of dollars in losses at the U.S. Postal Service is suggesting a range of options, including proposals that could significantly boost the cost of sending non-essential mail.

Diamond smuggling scandal spotlights shadowy Israeli tycoon

A shadowy Israeli billionaire who made his fortune in the insular world of diamonds has suddenly found his empire in jeopardy after close associates were busted in a massive smuggling ring and an employee mysteriously plummeted to her death from his high-rise Tel Aviv office building.

Earthquake-weary Alaskans still grappling with damage

The supply chain of food and other goods delivered to the Port of Anchorage from the Lower 48 has not been disrupted by the powerful earthquake that caused widespread damage to roads in the Anchorage area.

US construction spending down 0.1% in October

Spending on U.S. construction projections fell 0.1% in October, the third consecutive monthly decline, as weakness in home building and non-residential construction offset a rebound in government projects.