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The Transpacific Stabilization Agreement's 15 members plan a $1,200-per-FEU rate hike on Asia-U.S. West Coast trade Jan. 1 and want a minimum rate of $1,700 per FEU to the U.S. West Coast in 2016-17 contracts.
With a lack of preference cargo, carriers that move international cargo are exiting the U.S. flag; fleet has shrunk from 106 to 78 in past four years.
A half dozen former U.S. agriculture secretaries from both Republican and Democratic White Houses are urging Congress to pass the Trans-Pacific Partnership.
The FAST Act, which provides $253 billion in funding over five years for highway and bridge infrastructure, motor carrier safety, hazmat safety, passenger rail programs and transit, now goes to the House and Senate for a full vote.
With world leaders convening in Paris for global talks on how to slow climate change, the shipping industry says it is doing its part and ocean carriers say more efforts are underway to lower carbon dioxide output from vessels.
Jamaica will use SOGET's port community system to provide a single platform for submission of key logistics and compliance data as the country looks to grow its container volumes after the completion of the Panama Canal expansion.