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No reasons was given for NYK's decision, but industry officials say it is tough for carriers to make money in the north-south trade lanes today.
The tech startup's freight procurement marketplace previously only included capacity from ocean carriers, but the company has successfully pilot tested air cargo procurement as well.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL announced general rate increases.
The Federal Aviation Administration will provide a $27 million grant to help the City of Williston, N.D., buy land for a new airport to replace Sloulin Field International Airport.
Brightstar Group and Unik Toyz Trading, both based out of Los Angeles, Calif., agreed in federal court to cease their imports of hazardous children's toys.
Data from shipment management software provider CargoSmart finds CKYHE carriers saw no transpacific vessels calls at four key U.S. ports delayed by more than 12 hours, outperforming the other major alliances.