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Chinese carriers COSCO and China Shipping told the Federal Maritime Commission they are in the beginning stages of a merger, while Bloomberg reported CMA CGM has entered into talks to buy APL parent Neptune Orient Lines.
XPO Logistics, which announced Friday it had finalized its $3 billion acquisition of trucking and logistics provider Con-way Inc., will cut more than 10 percent of current Con-way staff at its Ann Arbor, Mich. headquarters and Portland, Ore. IT center.
Some Cal Cartage warehouse workers will join the protest today, according to the Teamsters, but port officials say there hasn't been a marked effect on operations in terms of congestion.
CMA CGM signs “Ocean Three” agreements with CSCL and UASC.