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Industry analyst Hackett Associates expects volumes to increase in coming months, but freight rates to fall.
Nike the Trans-Pacific Partnership agreement would accelerate the launch of its new domestic manufacturing plant.
Jacksonville, Fla.-based Caribbean Shipping Services operates primarily in the Puerto Rico market, specializing in refrigerated freight forwarding.
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.