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U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
The third-party logistics provider also cut its first quarter loss in half.
Port of Dammam terminal operator International Ports Services set a record for the first four months of 2015.
Rates were down again in April 2015 after falling 1.6% in March 2015, according to the latest Cass Intermodal Price Index.
Investment firm Avondale Partners expects truckload pricing to increase 4%-9% in 2015.