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Members of the Transpacific Stabilization Agreement are recommending two $600 general rate increases and a $400 peak season surcharge.
Container derivatives broker at Freight Investor Services in London cites reports that Maersk is cutting rates to Europe.
Chicago-based SEKO has expanded in recent years into a full-service logistics provider with transportation, warehousing, supply chain, home delivery and e-commerce capabilities.
Pasha Group acquired Horizon Line's Hawaii trade lane operations, while Matson took over the ocean carrier’s Alaska business.
The benefits of upsizing are beginning to plateau and require more infrastructure investment, according to a new report by the OECD's International Transport Forum.
Rates on routes from Shanghai to the United States, on the other hand, rebounded from last week, according to estimates from the Shanghai Shipping Exchange.