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Timothy E. Marsh, former executive vice president of COSCO’s North America Trade Division, has joined CP as senior vice president of sales and marketing.
With container trailers in short supply, some shippers and truckers are creating dedicated fleets.
Labor Secretary Thomas Perez met both parties accompanied by a mediator from the Federal Mediation and Conciliation Service who has been assisting in the talks since early January.
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Economist revised forecasts, predicting lower import growth and a second year of declines in exports.