Maritime News

The trust manager of the company said it had sought approval to remove its shares in April.

The anticipated rate increases on Asia-Europe have yet to materialize with the spot rate falling for the third week in a row, despite a peak season volume surge.

Pacific Northwest ports believe the true competitive edge will come from faster cargo velocity at the terminals.

As freight volumes surge, truckload rates are rising faster than 3PLs such as C.H. Robinson Worldwide can adjust pricing.

The congestion appears to be worsening.

Pacific International Lines' traffic in US imports from Asia rose 67 percent year over year in the second quarter.

“The trade is doing much better than previously thought to be the case.”

APM Terminal (APMT) in the Port of New York and New Jersey says it will have mostly recovered from the cyber attack on Maersk by the end of the week.

Asia-Russia-Europe spot rates are up more than double year over year.