INTTRA has secured commitments from five of the top seven global forwarders for its eVGM product, which allows container weight verification data to be transmitted electronically to carriers.
Peter Friedmann accused container lines of bungling the International Maritime Organization's new container weight verification requirement, and said some now realize they face high internal costs unless they offer a more flexible approach.
FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
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Container transport revenues at the Danish shipping conglomerate fell 20 percent year-over-year for the quarter due to a 26 percent decline in average freight rates.
China COSCO Holdings Co. Ltd., which now includes the combined operations of China Shipping Container Lines Co., reported losses in both its container shipping and dry bulk operations during the first quarter as rates in both segments plummeted.
Terminal operator Ports America says it will accept containers without the required container weight data and, if necessary, allow boxes to be weighed afterwards for compliance with the International Maritime Organization's new verified gross mass rule.