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Carriers are benefiting from lower oil prices, but face capacity overhang.
CMA CGM Vice Chairman Rodolphe Saadé calls deal a "major new agreement."
The Federal Aviation Administration has proposed civil penalties against a large U.S. carrier and two shippers for alleged U.S. hazardous materials rules violations.
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.
Congress passed a 7-day extension to keep the department running while negotiations over immigration dispute continue.
Texas’s exports reached $289 billion and California topped $174.1 billion in export value for 2014.