INTTRA has secured commitments from five of the top seven global forwarders for its eVGM product, which allows container weight verification data to be transmitted electronically to carriers.
Peter Friedmann accused container lines of bungling the International Maritime Organization's new container weight verification requirement, and said some now realize they face high internal costs unless they offer a more flexible approach.
FedEx Corp. completed its $4.9 billion acquisition of TNT Express and will start integrating the European company into its network immediately.
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Ocean carriers CMA CGM, COSCO, Evergreen Line and OOCL revealed they will form a new alliance next April.
The intermodal equipment leasing company may look for an individual buyer or try to go public, and ocean carrier United Arab Shipping Co. has selected TRAC as its sole chassis supplier in the United States.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.