The industry has needed consolidation for years, said Maersk Line North America President and CEO Michael White.
Growing demand and higher prices for containers have helped Singamas Container Holdings to a $12 million profit in the first half of 2017.
The unemployment rate of the global fleet continues to edge higher.
The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.
Inefficient operations at Tanjung Priok and regular traffic around the port adds significant costs to supply chains.
Maersk Line India in a trade advisory said the one-stop freight link from cargo origins is more economical and reliable than air cargo transportation.
Alibaba has built another link with carriers to provide online members greater control of the ocean shipping process.
FedEx, undecided about whether to follow UPS in imposing holiday season surcharges, is talking with volume customers on pricing. Best advice: Avoid last-minute shipping.
Union Pacific brings domestic intermodal rail to the ICTF near LA-LB ports.
Volatility in the shipping line industry will continue, and the expectation is that more consolidation is ahead, said Dr. Noel Hacegaba, the Port of Long Beach's chief commercial officer.