Maersk Line, the world's largest container shipping company, has returned to the Port of Baltimore after an absence of two decades, state officials announced.

Growth at U.S. service industries picked up in June from a more than one-year low, signaling steady improvement in the biggest part of the economy.

The shipping industry is the most pessimistic in six years about its prospects as a fleet surplus persists, according to a survey by law firm Norton Rose Fulbright.

New orders for U.S. factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch.