The rebound offset a sluggish first quarter for Evergreen Marine, Yang Ming and Wan Hai, with a Yang Ming executive saying he expects the buoyant rate outlook to continue into the third quarter.
Los Angeles and its terminal operator tenants are offering up to $300,000 per truck for drayage operators purchasing at least 10 battery-electric vehicles.
The revision follows a similar move by Gemini Cooperation partner Maersk as frontloading on the trans-Pacific and Asia–Europe trades fills ships and drives up rates.
