Ocean freight rate benchmarking platform Xeneta said transpacific rates have been gradually rising since April, stripping out the short-term impact of Hanjin Shipping’s insolvency in late August.
The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.
The Atlanta, Ga.-based shipping and logistics provider reported year-over-year increases in net income and revenues for the third quarter of 2016 despite pressure from changes in fuel surcharges and currency exchange rates.
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The Bonn, Germany-based parcel carrier said it will impose a 4.9 percent general average price increase for its U.S. account holders, effective Jan. 2.
U.S. beef export volumes in August, which were the highest since October 2014, rose 26.9 percent from August 2015 thanks to increased beef exports to Hong Kong, Korea, Japan and Mexico.
The Eden Prairie, Minn.-based third-party logistics provider opened a new global forwarding office in Vancouver, British Columbia.