Bill Mongelluzzo

Bill Mongelluzzo is senior editor with The Journal of Commerce, based in Long Beach, Calif.

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This development could signal that carriers will exert more discipline than last year as they negotiate service contracts.

More from Bill Mongelluzzo

APL product aims at shippers with day-definite intermodal shipment needs.
Matson's premium China-Long Beach service should be a bright spot in 2017.
Marine terminals encouraged to engage with truckers in order to improve turn times.
Retailers and large direct importers urge restraint in interpreting the January import numbers.
Spot rates in eastbound Pacific dropping during post-Chinese New Year lull, but not as steeply as last year.
The steady drip of market share continued last year.
Spot rates in eastbound Pacific drop marginally in the second week of the Lunar New Year.
The days when the largest, so-called premier carriers booked directly with beneficial cargo owners are over.
China's tariffs on US DDGs is killing exports of this important containerized commodity.
“I’m concerned about regulations, but is the economy generating freight — that is the big question.”