The Marseilles-based carrier said the unstable operating environment was disrupting trade flows and leading to growing uncertainty about demand in the major markets.
Having tentatively returned to Red Sea transits, multipurpose and heavy-lift vessels are again shunning the route in favor of the safer, but longer, passage around southern Africa.
While the intermodal piece of the Union Pacific-Norfolk Southern deal could face some obstacles, UP CEO Jim Vena and his team have shown a willingness to try new approaches in growing their intermodal franchise, writes Ted Prince.
