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CMA CGM receives its largest containership ever and alters EURAF 4 loop, while CaroTrans launches direct Le Havre-to-Charleston LCL service.
Rates are falling on major trade routes to Europe, U.S., according to the latest figures from the Shanghai Shipping Exchange.
A strike could come as soon as Monday, according to a statement from Teamster affiliate Justice for Port Truck Drivers.
The Netherlands-based express carrier said it expects 2015 to be a “challenging year of transition” after reaching a tentative $4.2 billion purchase agreement with FedEx.
The parcel giant reported improved profitability across all business units in the first quarter 2015, thanks primarily to new pricing initiatives, revenue management and strong growth in international volumes.
The joint-venture company formed by the Public Investment Fund of Saudi Arabia and PSA International handled its first commercial containership last week.