The U.S. Department of Transportation’s Bureau of Transportation Statistics said that in September, 64.7 percent of freight between the United States and its partners in the North American Free Trade Agreement was transported by truck.
The German ocean carrier’s employees demonstrated Friday in Hamburg, seeking job protection in the wake of the announcement that the company will be acquired by Maersk Line.
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The joint container venture between Japan’s ‘Big 3’ will have a fleet capacity of 1.38 million TEUs, making it the sixth largest in the world, and when their 23 new ships are delivered, the merged operation will become the fifth largest carrier.
Fellow Japanese ocean carrier “K” Line exited the Transpacific Stabilization Agreement Aug. 19, while MOL, the other major ocean carrier based out of Japan, left the group in 2008.
FMC Commissioner Doyle says provisions in new vessel sharing agreement could protect other members in the event of a Hanjin-like bankruptcy.