The Shanghai Containerized Freight index fell 1.9 from last Friday to a reading of 971.64, but the index is still much higher from a year prior.
Online freight forwarder iContainers already had offices in Florida, India and Spain prior to the opening of its newest office in Rotterdam.
The Lowell, Ark.-based intermodal and trucking provider’s net earnings for 2016 inched up 1.1 percent from 2015 to $432.1 million.
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Global trade in 2016 was sluggish, as import volumes and global container throughput dipped, but the negligible dip in global trade was accompanied by radical shifts in freight pricing.
Danish shipping company Maersk Line and Chinese e-commerce marketplace Alibaba teamed up to provide sellers direct bookings with the container line, marking another development in the rapidly changing ocean freight procurement space.
Danish ocean carrier Maersk Line said the vessels are deployed on the TP10 and TP18 services and represent about 1 percent of the carrier's overall fleet.