Shippers say more stringent rules from the CBP and dwindling leverage with ocean carriers is making them feel under siege when it comes to moving freight in the eastbound trans-Pacific.
The third-quarter results reflected continued momentum from synergies gained by the ongoing integration of Schenker's business, although a "sanitizing" portfolio-cleanup process has weighed on activity.
The carrier said in a statement the proposed investment in the Haiphong rail depot, together with existing port ventures with Hateco, could add up to $3.5 billion.
