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U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
The third-party logistics provider also cut its first quarter loss in half.
The first of seven groups will meet early next month to discuss issues surrounding the upcoming peak season.
Profits at the logistics and trade compliance software provider grew faster than revenues thanks to the company's focus on building its Global Logistics Network.
Transportation analyst's Shippers Conditions Index for March declined steeply from February, with further drops expected through the remainder of 2015 due to the impact of regulations on trucking capacity.