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Truckload carriers in North America are turning down thousands of loads each day because they can't recruit enough drivers, with turned away truckload shipments usually getting broken into smaller LTL loads.
Cathay Pacific handles 1.45 million tons of cargo in first full year, while CEVA Logistics expands in Vancouver, Canada and UTi Worldwide opens new facilities in Malaysia.
Marine terminal officials agree that future contracts will require ongoing collaboration.
Maersk Line CEO Soren Skou told American Shipper container lines need to adapt to permanent overcapacity, and cited Maersk's network management as the primary driver of bumper profits in recent years.
Economist revised forecasts, predicting lower import growth and a second year of declines in exports.