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APL said it plans to hike refrigerated container rates globally by $1,500 on Jan. 7.
"Rates are currently at
unsustainable levels, and we face the challenge of escalating
operational costs, which show no signs of abating," the Singapore-based carrier said.
APL's action follows similar decisions to hike reefer rates by other carriers, including Maersk.
The Port of Los Angeles will begin construction this summer on a two-year project to upgrade and expand berths and backlands at the Yusen Terminals LLC container terminal.
Industry analyst Alphaliner suggests container carriers need to trim four services to balance supply and demand in the trade lane between Asia and Europe.
The Federal Aviation Administration also fined Centurion Air Cargo for hazardous material safety issues.
White House now believes it has the leverage it needs to seal the massive 12-nation Trans-Pacific Partnership trade deal.
The International Chamber of Shipping complained protectionist policies could limit access to U.S. oil and gas exports.