The U.S. Government Accountability Office found that tariff rates are generally more expensive than contract rates, but are usually more suitable for shippers with infrequent or small volume shipments.
A coalition of 25 business groups has asked the Federal Maritime Commission to address fees imposed when shippers can't pick-up and return cargo, containers and chassis for reasons beyond their control.
A merger of Yang Ming, which is 33 percent owned by the government, with a private company such as Evergreen Line, would be difficult to achieve, contends Chen Ou-po, a member of Taiwan’s ruling Democratic Progressive Party.
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Meanwhile, the Bonn, Germany-based parcel carrier is withdrawing from long-distance bus service and selling its Postbus unit to FlixMobility GmbH for an undisclosed price, Deutsche Post DHL Group said in a statement Wednesday.
FMC Commissioner Doyle says provisions in new vessel sharing agreement could protect other members in the event of a Hanjin-like bankruptcy.
Union Pacific appoints three senior executives, while Suttons Group names managing director of international operations.