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Cargo thefts in the United States were down 14% year-over-year by volume in the first quarter, but up 25% in value, according to the FreightWatch International Q1 2015 U.S. Cargo Theft Report.
Mitigating factors impacted the expected rebound after the resolution of contentious ILWU-PMA port labor contract negotiaitons, according to the southern California port.
The International Longshore and Warehouse Union said 82 percent of its members voted in favor of ratification.
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.