Trans-Pacific container lines got a reprieve from sliding freight rates this week when they put a general rate increase into effect on May 21, but freight rates are likely to continue to slide in the major east-west trades because some carriers continue to slash rates after repeated GRIs in an effort to gain market share.
Peter T. Leach
PeterTLeach said: NYCT on Staten Island is fighting for life as truck toll hikes to NJ has cost it calls by five services and more than halved its business.
PeterTLeach said: Teminal shakeup? Expect to see shakeup in West Coast terminal ownership as one carrier pulls out of low-volume port facilities.