Port congestion issues in early 2015 brought the often chaotic process surrounding detention and demurrage fees into sharp focus, but where where shippers saw pesky and sometimes unfair ad hoc charges, technology providers saw an opportunity.
APL, which CMA CGM acquired in June 2016, contributed positively to the French ocean carrier's first quarter financial results, according to CMA CGM Group CEO Rodolphe Saadé.
"ShipRush services help e-commerce small and medium businesses and omnichannel retailers execute parcel shipments for last-mile delivery to customers," Descartes said in a statement.
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The eastbound lane at Gatun locks will tentatively close for 10 days in May for dry chamber work.
The troubled Taiwanese ocean carrier will charter the YM Wind and YM Wreath from Seaspan and GCI Group, respectively, in an effort to grow its overall fleet while reducing average vessel age, Yang Ming said in a statement.
According to composite leading indicators from the Paris-based research organization, the U.S. and the UK are expected to see slower but stable growth over the next six to nine months.