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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.
Shipper group also calls on carriers to quit discussion agreements, conferences.
Fees are having "negative impact" on the fair, efficient and reliable movement of ocean cargo, according to a new report from the Federal Maritime Commission.
The U.S. Surface Transportation Board approved a joint proposal by Anacostia Rail Holdings’ Louisville & Indiana Railroad and CSX to upgrade the rail line.
Bipartisan legislation was introduced Thursday on Capitol Hill to extend TPA to President Obama.
Tampa, Mobile and Houston joined forces to lure container lines.
The Shanghai Shipping Exchange shows spot rates to Europe at low of $399 per TEU.