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Year-to-date, container volumes are up 4 percent and automobile volumes are up 7.7 percent at the Pacific Northwest ports.
The ocean carrier joined Evergreen Line's APG service between Asia, the Indian Subcontinent and the Middle East with the Aug. 24 sailing of the Ever Libra from Shanghai.
AlixPartners Managing Director Foster Finley told American Shipper that nearshoring decisions are not made in a "knee-jerk" fashion and are dependent on a number of drivers.
Saverco NV, a controlling shareholder of Antwerp-based cargo ship and aircraft lessor CMB, will seek to purchase all outstanding shares of CMB.
Rates from Shanghai to Northwest Europe and the Mediterranean have increased dramatically in the past two weeks, but rates from Shanghai to the United States have fallen three weeks in a row.
Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.