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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.
Grand Alliance chassis pool will be terminated and Direct ChassisLink will contribute those assets to its expanded pool.
Such an alliance could have a "competitive edge," according to industry consultant Drewry.
Husch Blackwell's Carlos Rodriguez says congestion related practices are unjust and unreasonable.
The logistics roll-up company will raise the funds in both equity and the sale of senior notes to finance current and future acquisitions.
Move opens the door for full establishment of diplomatic relations and business opportunities between the United States and Cuba.
Ocean carrier United Arab Shipping Co. will enter the transatlantic trade via partnership agreements with fellow Ocean3 member CMA CGM and Hamburg Sud.