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HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

Beth Ann Branch of Port of Mobile was chosen as the next CEO of the Port of New Orleans and Public Belt Railroad, putting a former Gulf Coast rival at the helm in New Orleans.

The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their crops to the world.

Looking forward, Chief Financial Officer John Diez said Ryder expects earnings growth in the fourth quarter as a result of its contractual portfolio.

The U.S. General Services Administration has awarded a $33.2 million contract to modernize Washington state’s busiest commercial border crossing with Canada.

The Okotoks, Alberta-based company posted net income of C$38.3 million, or 41 cents a diluted share, for the three months ending Sept. 30.

PHMSA said the proposed rule, announced earlier this month, would provide nearly $100 million in annual cost savings for businesses and consumers.

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.

Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.