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Similar to the Shanghai Containerized Freight Index, the new index will meld spot prices for 20-foot, 40-foot and 40-foot high cube containers moving from Ningbo to Europe and the Middle East.
United States gross domestic product (GDP) grew 2.1 percent in the third quarter, according to the Commerce Department's second estimate, but truck tonnage remains relatively flat amid weak industrial and manufacturing output.
The Transpacific Stabilization Agreement's 15 members plan a $1,200-per-FEU rate hike on Asia-U.S. West Coast trade Jan. 1 and want a minimum rate of $1,700 per FEU to the U.S. West Coast in 2016-17 contracts.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.