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The Japanese ocean liner carriers and three executives at the companies allegedly conspired to fixed prices on roll-on/roll-off cargo, according to the U.S. Department of Justice.
The less-than-truckload carrier will enter into an alliance with third-party logistics provider Mallory Alexander International Logistics, LLC to enhance its ocean forwarding offering.
“Supply chain has to be at the forefront of every enterprise in the world, especially ones that are consumer-facing,” Starbucks CEO Howard Schultz said Monday at the Council of Supply Chain Management Professionals’ annual conference in San Diego.
The Danish firm's acquisition of UTi is the latest in a string of international mergers in the 3PL industry this year.
The Israeli ocean carrier recently returned to the black, posting adjusted net profits of $23 million in the second quarter of 2015 compared with a net loss of $50 million the previous year.
With more tonnage to be delivered next year, London-based shipping consultant Drewry says "the overhang of excess capacity [in the ocean freight industry] will be even greater than that experienced in 2009."